The introduction of Goods and Services Tax (GST) was supposed to be a watershed moment, transforming the way indirect taxes were being levied and collected so far.
But what we got instead is multiple slabs, many cesses, constant classification-reclassification of goods and services and several deferred deadlines. Therefore, the impression that has unmasked itself is: Jugaad is possible even with one of the most pathbreaking indirect tax reform measures.
What it means is that the executive’s discretion to tinker with the provisions of one of most widely discussed policy decisions stays.
An elected government is expected to be responsive to the changing situation. But too many revisions after the introduction of a new policy sends out the wrong signal. It reinforces the view that policies are there to be suitably adjusted to your requirements. And the ability to get things done is dependent on the power of lobbyists.
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