Even as the Maharashtra Legislature unanimously ratified the Goods and Services Tax (GST) Bill, Shiv Sena sought to warn the government that those who have tried to levy this taxation system have neve
Even as the Maharashtra Legislature unanimously ratified the Goods and Services Tax (GST) Bill, Shiv Sena sought to warn the government that those who have tried to levy this taxation system have never come to power again.
“One harsh reality is that countries that have accepted the GST, have had to repeal it as this taxation system has failed. Also, governments that have imposed this form of taxation have never come to power again as they have miserably lost elections,” Sena said in an editorial in party mouthpiece Saamana.
The article said that along with Sena, other political leaders too have expressed apprehensions about the autonomy of the Brihanmumbai Municipal Corporation (BMC) after the GST comes into effect.
“BMC will suffer an annual loss of around Rs 7,000 to Rs 8,000 crore. This may cause a financial imbalance to Mumbai and the city, which generates maximum revenue for the country, may become dependent on the Centre,” it said.
“Though the CM has assured there would be no revenue loss to the state exchequer, the BMC will not have to depend on the Centre or there will be no loss of autonomy to the BMC, as far as Mumbai is concerned, we have to be extra careful,” it added.
