Anybody and everybody who adds value to a product is in a part-time government job, without salary, and without any emoluments, with a guaranteed dose of a pepetual fear and the consequential brashtaachaar firmly instilled in the minds of these part-time workers - the industry and trade in their totality.
As things stand today, the biggest brashtaachaaries of Bharat Varsh are almost all the state governments and the super-mafia government in the center.
The media reports today suggest that the legislation that was aimed for the ITC to be maimed, despite the apex judgement in favour of ITC, was dropped in the House as "some" meeting took place by the highest honcho of ITC with the highest guy concerned with moving this legislation, or giving it a cold shoulder, depending how the meeting goes.
Obvidously it was dropped after "something" happened in the meeting !!!
The media reports further that all concerned people are tight-lipped just passing the buck !
What label would one give to the government that blackmails industry and trade ?
The implications of VAT on the economy has to be measured not as a statistical value but more from a socio-economic angle.Growth of GDP doesn't necessarily imply that an economy has grown or otherwiswe.The REAL savings affected to the common man as a result of the introduction of VAT needs to be measured to see if he's benefitted or not.VAT should be measured on the parameter of GDS(Gross Domestic Savings) rather than GDP(Gross Domestic Product).
