GST IMPASSE SOLVED

Dear Amitabh :

Here is my suggestion on solving GST impasse in Lok Sabha

I hope it reaches those who are negotiating with Congress

regards,

hemen  /  0 - 98,67,55,08,08

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GIVE   AND    TAKE

Dear Shri Modiji :

It was statesman like for you to reach out to Congress leaders last evening , in order to reach 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  :

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

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

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

Good Luck  !

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hemen  parekh

28  Nov  2015

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