Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Monday 30 November 2015

GST / GIVE AND TAKE


GST  /  GIVE   AND    TAKE

Dear Shri Modiji / Shrimati Soniaji :

It was statesperson like for you, to reach out to each other last evening , in order to arrive at an agreement on GST
All negotiations have two , initially opposing , parties
No agreement can be arrived at , on the " Terms " of only one of the parties
A customer sold against his will , ceases to be a customer  !
Agreements imposed through numerical strength of membership , are bound to get sabotaged
To arrive at a " Lasting Solution " , there must be give and take

Here is my suggestion :

NDA  GIVE  /  OPPOSITION  TAKE :

*    Accept a cap of 18 % for GST in the Constitutional Amendment Bill

OPPOSITION   GIVE /  NDA  TAKE :

*    A provision in Bill to enable the Government of the day , to raise the GST % in
     subsequent years , through an enabling provision
     
     This provision ( not mandatory ) , will allow the Government to raise the GST %
    through the Annual Central Budget each year
      ( anyway , Union Budget has to be passed in Lok Sabha , each year )

*   The amount by which GST " may " get raised , to be calculated as follows :

     #    Starting GST %   =    18 %
    #     Assume that , in 2016-17 , CPI rises by 10 %
    #     Take  5 %  of that 10 % rise in CPI .   That works out to 0.5 %
    #     So , in 2017-18 , GST may be raised by 0.5 % , to become 18.5 %
    #     This is the UPPER LIMIT . Government may choose to revise GST to any
           figure less than 18.5 %

This is a perfect  FACE SAVING  FORMULA / a WIN-WIN situation for both  !

This is not a matter of , " WHO is right ? "
This is a question of ,   " WHAT is right ? "

Carpe  Diem !  Cease this moment to strike a deal by today evening  !

Good Luck  !

---------------------------------------------------------------------------------------------
hemen  parekh
28  Nov  2015






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