GST

Take a walk around Bhiwandi. Much of what you will see are shuttered powerloom units gathering dust and rust. During its heyday, Bhiwandi, in Thane district, had the highest cluster of powerlooms in the country, and was a huge employment hub with workers hailing from other states like Madhya Pradesh, Uttar Pradesh and Bihar. Today this once-thriving business is facing extinction, thanks to GST, demonetisation and cheaper competition, rendering thousands of workers jobless.  “More than half the karigars (workers) have returned to their native place as major textile units have shut down,” said Dilshad Sayyed Ahmed Ansari, who has been working…

The clampdown in Kashmir following abrogation of Article 370 has adversely impacted the traditional textile industry in the holy city of Amritsar. Kashmir used to be a major market for Amritsar’s woven textiles, especially the tweeds which are used for making phiran, the long cloak like dress worn by men and women in Kashmir. Moreover, Amritsar’s shawls and stoles have a big market in the valley, which was virtually cut off from the rest of the country till recently. The recent restoration of communication through post-paid mobile phones and opening of roads has provided some relief but the loss in…

Every time MS Dhoni hammers the ball out of the boundary with his helicopter shot, workers at a medium-sized sports manufacturing unit in Jalandhar have an extra reason to cheer. For theirs are the hands that crafted the bat Dhoni has been using over the years.  "Our bats are also being used by Chris Gayle, Michael Clarke, deVilliers among others. Sachin Tendulkar too used our bats," says Jyoti Sharma, owner of Spartan Sports, with a hint of pride. “Dhoni's bat is made of English Cleft, a special type of willow wood imported from England. It has a more pronounced curve…

Three months have passed since the Goods and Services Tax (GST) was applied to housing societies/apartment associations, yet protests and confusion prevail. Resident Welfare Associations (RWAs) collect monthly charges from residents, to provide goods/services for their common use. Now RWAs have to register under GST and pay tax on the monthly charges they collect; this tax burden is passed on to residents. So, instead of being the end consumer, the association is seen as a service provider to the residents. Association has to pay taxes to the vendor while buying the product, and then collect taxes from residents on maintenance…

As the new Goods and Services Tax was rolled out, sanitary pads were listed as attracting 12% GST. Following this, many women activists demanded the government waive off taxes on sanitary pads, while many others went all out to defend the taxes. As a result, the nation is finally talking about sanitary pads! A raging debate in particular was fuelled on social media by the media statements of Kannada actor and member of Bharatiya Janata Party (BJP), Malavika Avinash. A clip from Prajavani, a Kannada newspaper, made it to social media, which quoted her as saying that sanitary pads were…

Whether as “India’s Great Migration Challenge,” or its “landmark tax reform” or the current government’s “most significant legacy,” the introduction of the Goods and Services Tax, in short GST, has hogged media headlines for a considerable while now. There are news flashes about the different tax rates fixed for specific goods and services, various discussions on its likely impact on the Indian economy as well as debates over the basic wisdom of the form in which it is currently going to be implemented. With an overload of information and analysis, the common man cannot be blamed if he feels slightly…