In the midst of the incessant reverberations of religious, ideological, and political affiliations, the true essence of nation-building often becomes distorted. For India, a country rich in diversity and potential, this cacophony can result in the misalignment of citizens' understanding of progress. A considerable fraction of society finds itself engulfed in a labyrinth of misleading dialogues: The relentless debates over the supremacy of one political faction over another often consume valuable intellectual bandwidth. Instead of thoughtful discourse on policies and their impacts, discussions are often reduced to partisan squabbles, much like a never-ending game of chess with no definitive victory. A blind endorsement of extreme capitalism, often masked as nationalism, also blurs the boundaries of socioeconomic development. Large corporations, although significant contributors to the economy, can inadvertently create monopolistic markets if unchecked. It's akin to appreciati...
Introduction: The GST Council in India convenes periodically to discuss and refine tax structures. Each meeting brings forth a mix of positive and negative developments, often revealing new ironies and fallacies within the economy. This article sheds light on certain inconsistencies, focusing on the taxation of non-branded atta or wheat, the exemption of cricket games like IPL from GST, and the associated revenue generation. Taxing Essentials, Exempting Entertainment: One of the glaring ironies in the Indian tax system is the imposition of GST on non-branded atta or wheat, an essential commodity consumed by the poor. Despite the burden on those struggling to make ends meet, cricket, a form of entertainment, remains exempt from GST. The Board of Control for Cricket in India (BCCI), the governing body of cricket in India, enjoys tax-free status despite being the wealthiest cricket governing body globally. Example: A daily wage laborer, s...