GST challenges

The beginning of a uniform tax system (GST-Goods and Services Tax) across the country is the most important decision in Indian economic history. The Central Government is in an effort to pass the necessary legislation in the current Parliament session due to the exercise of implementation of GST in the country since July 1. For this, after the comprehensive agreement in all the states and the Center in the Center, decision to make a decision with transparency and the loss to the states due to the new tax system, the decision was made by the central government to ensure that the biggest tax The financial decision will be taken. But there are still many issues to pass on, which have not been announced yet. Consensus on these issues is also important because only then a strong GST will take place in the country.

1. To make GST a standard rate of 18 percent, a political consensus will be required.

If the Central Government wants to deliver the biggest benefit of GST to the consumer, it is necessary that the consensus on GST will be 18 per cent. At present, the state's standard rate of VAT is 14.5 per cent and service tax rate is 15 per cent, while the Central Excise rate is around 12 per cent. Now, if the GST rate is 18% instead of 20 or 24 per cent, then it will be considered as the greatest success of GST, and the consumer will not be able to increase inflation.

2. Electricity, Petro Products and Stamp Duty are Out of GST- Important for the Business of Business

In the current GST structure, power, petroleum product and stamp duty has been left out of the GST and left in the states' territory. But land and power are the biggest expenditure for any kind of economic activity. Therefore, to compensate the states' efforts due to the loss due to GST, there would be more tax on these items. In such a situation, neither the cost of business will be reduced in the country nor the prices will be curtailed. Therefore, it is important for a strong GST that the consent of the people to bring these things to the realm of GST for Isle of Doing Business in the country.

3. Do not be afraid of tax terrorism

According to the existing GST bill, tax assessment will be done both at the center and the state on taxation after implementation. Tax payers will have to register more than a dozen and punishment has also been made for tax evasion or low taxation. If there is no improvement in this aspect of GST, then the risk of tax increases in the traders after the implementation of the risk.

4. Not only should the states compensate, new ways of earning

According to the existing GST provision, after GST is implemented, those states are more likely to benefit, where industrial activity is high. At the same time, in the states where the factory and industry is low or not, they will face losses. However, in the GST bill, such states will be compensated by the Central Government for some time in the loss of tax rebate. But when this compensation is stopped, then there will be a big challenge to increase revenue in front of economically weaker states. Therefore, the Central Government will have to work to increase economic activity in the weaker states, otherwise it is also decided to lag behind such states after GST is implemented.

5. Panchayat and municipal body funds at risk

Funding of panchayati raj and municipal institutions in the country is done by the treasury of state government. The model of local self-governance is being prepared in the country by dividing the powers of the states. Now after the GST is implemented, there will be a huge reduction in the revenue of the states, which is likely to result in Panchayati Raj and municipal institutions in the country to face a reduction in fund from the state. The Central Government should also, in this case, also agree with states that after the GST is implemented, the state government will issue a fixed budget for these institutions.

ATTACK ON UK PARLIAMENT, 5 KILLED AND 40 INJURED

Five people died near  Parliament in around three terrorists attacks. They also include an attacker.
The British Parliament was targeted in London on Wednesday, on the first anniversary of the terrorist attack on the Belgian capital of BrusselsThey also include an attacker. More than 40 people have been injured.
Let me tell you that on March 22 last year, 35 people died in the terrorist attacks on the airport and Metro station in Brussels. Meanwhile, India has strongly condemned the attack. US President Donald Trump also talked on the phone with British Prime Minister Terryza May.
On Wednesday, a policeman stabbed a knife in an attempt to attack the British Parliament in London. Then the militants fired, more than ten people were seriously injured. Police also killed an assailant of Asian origin. Just before this, the gray-colored Hyundai car of terrorists on the Westminster Bridge trampled many people. This led to the death of a woman. Three incidents that happened at the same time were called by the British police as a terrorist attack.
Parliament adjourned, hundreds of MPs inside
After the failure of the terrorist attack, the session of the Lower House of the House of Commons (UK) of Central London was postponed for security reasons. About 400 MPs were asked to stay inside the Parliament building for security reasons. An ambulance helicopter was thrown at the Parliament Square just outside the Parliament. A reporter of Reuters contained inside the British Parliament building told that a team of doctors inside the gate of Parliament premises treated two wounded.

Delivered the prime minister to a safe house
According to the British Prime Minister's Office, British Prime Minister Terryzza is safe after the attack. According to local time, they were taken in their silver jaguar at around two o'clock in the afternoon and were taken to their residence at Safe Downing Street.

Police say that near a British Parliament, a car at Westminster Bridge, ruthlessly trampling people, finally collided in the outer wall of Westminster Palace. This place is located between the House of Lords and the Commons. Below the bridge, a woman clothed with blood in the river Thames was seen flowing out, which was taken out. The Westminster Underground Railway Station has been closed for security reasons.

Press Association's political editor Andrew Woodcock saw the vakiye from his office window. According to them, a group of 40 or 50 people was going from Parliament Street to Parliament Square. Seeing them, the people scared were running away from something. As soon as this group came on the carriage gate. While escaping from the security guard standing on the gate, a man came out of the crowd and ran inside the premises. There was a big knife in his hand.
UK has witnessed attacks before too:
In May 2013, two British Muslims had stoned Rigby, a military soldier, on the road of South East London. Earlier in July 2005 four British Muslims had committed  bomb suicide in British transport system. 52 people died in that attack.