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GST to help next ruling party to fulfill pre-poll promises in UP

UP projected to gain handsomely under new tax regime

GST prompts a change in business model
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Virendra Singh Rawat Lucknow

Even as the proposed Goods and Services Tax (GST) framework is being given the final touches for implementation from April 1, 2017, Uttar Pradesh is projected to be a major beneficiary under the liberal tax structure.

Since elections are due in early 2017, by the time, GST is implemented, a new government would be in power and the new tax regime is then likely to give the much needed financial leverage to fulfill its pre-poll promises.

Already, the various political parties have started to make populist promises. For instance, Samajwadi Party (SP) has promised to provide free smart phone if voted back