#GST: What Happened to India's ‘Second Independence’?? | Analysis by Akash Banerjee

Chapters: 0:00 - Another 'Masterstroke' 1:44 - GST: The Grand
Plan! 4:05 - Why One Nation One Tax is a good idea 5:19 - 3 years
(and counting) of failed implementation 8:14 - What Went Wrong with
the ambitious plan? 9:20 - Center to Borrow Money to give to States
… Wait, What? Thumbnail Cartoon via Satish Acharya Twitter -
@satishacharya Website - http://cartoonistsatish.com 3 years to
what the NDA Government claimed was India’s ‘Second Independence’
After the disastrous Demonetisation experiment - GST or Goods and
Services Tax was BJP’s most ambitious project to boost economic
growth. GST endeavoured to change the entire way trade was being
done in the country and make it smoother. With revised laws and
taxes, the government centralised the indirect tax system and gave
more power to the Centre to control and monitor collections. But
from massive growth claims - the GST Council now does not even have
money to compensate the States for the shortfall in revenue
collection. A hastily / unplanned / and poorly thought out GST has
meant that people go through the same demonetisation pangs once
more….in fact with the Govt. STILL refusing to correct its mistakes
- GST has ended up being an even more convoluted system. In this
episode of TheDeshbhakt, we’ll talk about the 3-year long journey
of the Goods and Services Tax and will find out what went wrong
when the reform was itself much needed. Watch the full episode to
find more! *** Subscribe to #TheDeshBhakt to unlock Discord /
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