4 min read.Updated: 10 Aug 2016, 12:50 PM ISTAjit Ranade
With the passage of GST, India is now the only large democracy where the states will not have independent taxing powers
It would be unconscionably phlegmatic not to join the euphoria over the passage of the constitutional amendment that will now enable a goods and services tax (GST) regime in India. The unanimity and consensus in Parliament was historic. The Rajya Sabha voted 203 to zero and the Lok Sabha voted 443 to zero in favour of the bill. Such multi-party and absolute consensus is very rare, and not seen even when members of Parliament are voting for their own salary increases! For instance, in Maharashtra, where the state assembly voted to increase their salaries by almost 100%, some members dissented. So, the unanimous GST vote in the world’s most diverse democracy deserves a grand salute and a drumroll. The world at large, bewildered by disunity outcomes like the Brexit vote and the rise of Donald Trump, is wondering what’s going so right for India. So, let’s allow a moment for us to bask in this accolade.