The Congress, the Trinamool Congress, the Dravida Munnetra Kazhagam, the Bahujan Samaj Party, Akhilesh Yadav’s Samajwadi Party, Lalu Yadav’s Rashtriya Janata Dal, and the Left Front are among those who will stay away, thus indicating the broad contours of the political “mahagathbandhan” that may take shape against the Narendra Modi-led National Democratic Alliance in 2019.
By boycotting the event, the Opposition is sending out a clear message that it intends to make political capital out of it as things will surely go wrong in the initial months of implementation.
The Opposition calculates that GST will bring more pain than gain in the initial months, especially as software glitches surface, daily clarifications need to be issued on rules and procedures, and those who must comply with it start small agitations against it.
October-December 2017: This is the time the system will stabilise, and states will start closely monitoring compliance and assessees start facing the heat for non-compliance and underpayment of taxes.
This is when we will know for sure if the early expectations of a revenue surge will materialise quickly, or only after a lag.