Much ink has been spilt over explaining the new goods and services tax regime and what it means for businesses. Even after a glitzy launch last evening, social media remained largely clueless.
Twitter, as always, became the war zone for supporters and detractors to battle it out.
While multiple state and centre levied taxes are subsumed under different GST tax slabs, many cesses still remain, belying the promise of “one nation, one tax”, some critics pointed out. Given that the launch was planned in a midnight ceremony at the central hall of Parliament, it was no surprise that Nehru’s “tryst with destiny” speech got channelled.
And the fun began before the ceremony started.
A moment comes, which comes but rarely in history, when we step out from the old to the not so new. 2/3
— anjali mody (@AnjaliMody1) June 30, 2017
when an age of multiple taxation ends, and when the soul of a nation, long suppressed, finds utterance in multiple taxation. 3/3
— anjali mody (@AnjaliMody1) June 30, 2017
There were also those who had braced themselves for the inevitable.
GST Acronyms coming.. brace yourselves
— Rofl Gandhi (@RoflGandhi_) June 30, 2017
And they were not disappointed.
Prime Minister Narendra Modi may have called it the Good and Simple Tax at the launch ceremony, but this much was clear: it is anything but simple.
GST actual fullform: Goods & Services Tax
— Prateek sharma (@Hogyatera) June 30, 2017
Fullform given by modi ji: Good & Simple Tax
Fullform for Indians: Ghano saaro tax#GSTForNewIndia
While Modi talked about freedom from “tax terrorism”, Finance Minister Arun Jaitley called upon the opposition to “display broad shoulders and own up to the decision”. The Congress, Trinamool Congress and Left parties decided to stay away from the ceremony, but other opposition parties including Janata Dal (United), Janata Dal (Secular), Nationalist Congress Party, Samajwadi Party and Bahujan Samaj Party broke ranks and attended. Many chose to hedge their bets.
Wether GST is Good&Simple Tax or 'Get Screwed Tax'time will tell. Now it is 3 Taxes 4 rates 10 or more different Cesses & 39 odd compliances
— Manish Tewari (@ManishTewari) July 1, 2017
On the first day of India’s new indirect tax regime which is supposed to make taxation easier and less cumbersome for business, social media was scrambling to understand the fine print. Here’s a selection of tweets following the midnight launch.
— Rajkiran khandelwal (@Rajkirankhandel) July 1, 2017
I have a GST joke but you will have to pay 28% for it.
— Piyush Jain (@PJ_CRACKER) June 30, 2017
No matter how GST turns out, we should just be thankful it was not announced like a "SURPRISE!" at 8pm on the day of its implementation.
— Aisi Taisi Democracy (@AisiTaisiDemo) June 30, 2017
Reaction on #GST by people who do baap ke cash pe aish pic.twitter.com/4LojXtbylB
— Pakchikpak Raja Babu (@HaramiParindey) June 30, 2017
PM had said Gita has 18 Chapters and GST had 18 meetings. What more you want? https://t.co/q0yvfCwz9r
— Joy (@Joydas) June 30, 2017
Even though a lot of people lost cash in the last movie "Demo.." , it was declared a hit in the UP circle.
— Gabbbar (@GabbbarSingh) June 30, 2017
Pictures coming in from the BJP offices pic.twitter.com/gS8L2XHlPq
— DharmaVirodhi Aditya (@almostinfamous) July 1, 2017
*Met my ex after 10years*
— pink (@LEDtvn) June 30, 2017
"Ask me anything", He said
"GST samjha do", I replied
Twitter economist trying to explain GST pic.twitter.com/RQYifbGjjs
— Ojas. (@Ojasism) June 30, 2017
Republic Tv and Times Now gang must be busy preparing a story for Prime Time tomorrow that how GST has now stopped terrorism completely.
— N (@_morphiine_) June 30, 2017
Pranab Mukherjee looks like a piano here. pic.twitter.com/BXYzTyPWlk
— Sahil Shah (@SahilBulla) June 30, 2017