Abhay Pethe (for Info only, not official)

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Abhay Pethe

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    ...They need to be faced with courage and maturity as the states continue the process of discussion and ratification. While the discussions in state legislatures are likely to revolve around the issue of the revenue neutral rate, and the magnitude of loss or gain that is likely to ensue upon the implementation of GST, there are a couple of points to be made. One, the revenue neutral rate is really a very static way of looking at what can be a Grand Bargain, and a game-changer for the Indian economy at large. After all, the whole point is that the reform will unleash such positive forces of growth that the actual buoyancy in tax revenue for both Central and state governments is likely to be far higher than the current static calculations. ...

    Live Mint on Oct. 7, 2016, 1:22 a.m.