Good & Services Tax (GST) Bill is essential because there
are a lot of leakages in terms of access for manufacturing in
India, Pratibha Jain of Nishith Desai Associates said.
In an interview with CNBCTV18, Jain said that Prime
Minister's Make in India campaign will face implementation
issues if the GST, its backbone, is not implemented soon.
Jain said that the biggest concern is the reluctance on part of
the Opposition. The Center and states need to resolve their issues
before any rollout of GST can happen, she added.
Main issue is not of different GST rates, but of "the
multiple taxes and the pain of having to figure out your various
taxes in various states and multiplicity of the full
structure," she said.
