BJP MP Subramanian Swamy raised concerns over the under-preparedness for the roll out of GST, which is dubbed as India's biggest tax reform, from July 1st.
Subramanian Swamy: 'GST roll out be on July 1 but of 2019. A huge risk if implemented before 2019 given the state of preparedness. It could become our Waterloo'.
Notably, Battle of Waterloo happened in Belgium on June 18th, 1815 to dethrone French emperor Napoleon Bonaparte. Now, The BJP Rajya Sabha Member fears GST could lead to India's Waterloo if it's rolled out before 2019.
The Indian Banks Association informed Parliamentary Panel that Banks aren't prepared enough to roll out GST from July 1st, 2017 as lot of changes should be made to the already existing systems. Under-preparedness of Banks could lead to crisis similar to demonetisation.
Subramanian Swamy: 'GST roll out be on July 1 but of 2019. A huge risk if implemented before 2019 given the state of preparedness. It could become our Waterloo'.
Notably, Battle of Waterloo happened in Belgium on June 18th, 1815 to dethrone French emperor Napoleon Bonaparte. Now, The BJP Rajya Sabha Member fears GST could lead to India's Waterloo if it's rolled out before 2019.
The Indian Banks Association informed Parliamentary Panel that Banks aren't prepared enough to roll out GST from July 1st, 2017 as lot of changes should be made to the already existing systems. Under-preparedness of Banks could lead to crisis similar to demonetisation.