Getting GST right
Pradeep S Mehta, Amol Kulkarni and Sanjay Kumar Mangla
The Tribune
June 19, 2017
Prevent overcharging and ensure benefits are passed on to customers
A
few days remain for the adoption of the first-ever competition reform —
since Independence — to create a seamless national market without any
distortions. As India awaits the introduction of its historic GST regime
with bated breath, it will be prudent to take a look at the experiences
of other countries on the introduction of GST and tackling related
challenges.
GST was introduced in Malaysia, a
federal country, in April 2015. It has been reported that the government
received more than 5,000 consumer complaints on overcharging of goods
and services in just 23 days of GST’s launch. The Malaysian government
was benchmarking itself against the experience in Australia, also a
federal country, which had received over 60,000 complaints during the
initial period of GST adoption in the year 2000. Having prepared for the
worst, the Malaysian government was able to conduct over 1,50,000
inspections during the first three weeks and issued close to 700 notices
to traders to justify their price increases.
Please read this article at:
- - - - - - - - - - - - - - - - - - - - -
CUTS E-GROUP FORUMS
FunCompForum for news and views on Economic Policy & Governance Issues in India
CompetitiOnlineForum for International Competition, Investment and Regulation news and views
CUTSTradeForum for International Trade & Development news and views
CUTS-SouthAsia to discuss Trade and Economic (including Competition and Investment and Regulations) issues and challenges in South Asia
CUTSConsumersUp for Consumer Empowerment in India to take the consumer movement forward
CUTSGovForum to discuss news and views on Governance issues and challenges in India
No comments:
Post a Comment