Sunday, August 14, 2016

Tax imperialism of New Delhi

Tax imperialism of New Delhi                                  
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When UPA govt under Manmohan Singh , introduced GST, BJP stoutly opposed the bill, stating that this tax was anti-federal in character and snatching away the tax rights of the States enshrined in the Constitution. 

Now P. M. Modi calls the existing tax provisions as tax terrorism. F. M. Arun Jaitely proposes -"One Tax-One Nation" and disposes India. May be both of them express their inner-voice of the hidden agenda of Sangh Parivar's terrorism and facism. 

When VAT was introduced, the same arguments were placed by the Delhi rulers. Three slab system of VAT  helped only Capitalists and big traders.  Prices of all medicines went up. Huge revevue loss occured for growing States like Tamilnadu. The assurance given by the Delhi aristocratic rulers that revenue loss incurred by the States after introduction of VAT in the intial period will be compensated, is not at all honoured. Ultimately Tamilnadu lost Rs. 3000 crores.

TamilNadu will incure a loss of nearly  Rs 9000 crores once GST regime operates. The GST will not reduce inflationary pressure. Inflation travels altogether in a different road. 
Whenever monsoon is good, the prices are stable. Monsoon fails price rises. India is country of black-money holders.  Therefore,  RBI's monetary policy measures have little impact on inflation .

Knowing all these facts ,BJP and Congress joined hands to erase the Federal Republican principles of the Constitution.  Other political parties dug their own grave. Tax imperialism over ran the rights of the States and people at large. One day Delhi will regret for its dictatorial arrogance and unrule.

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