Sushil Modi resignation makes it tough for GST implementation

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GST implementation tough after Sushil Modi resignation
The implementation of what would be a landmark tax code, the GST, is now under a cloud after the resignation of former Bihar deputy chief minister Sushil Kumar Modi, who has decided to quit his post of chairman of the empowered committee of State finance ministers on the Goods and Services Tax (GST).

"I will submit my resignation as the GST panel chief tomorrow," he told PTI.

"I will send my resignation to the Centre tomorrow at about 10.00 a.m.," Mr. Sushil Kumar said.

Mr. Sushil Kumar's announcement came after Bihar Chief Minister Nitish Kumar removed 11 BJP ministers, including Mr. Sushil Kumar, from his council of ministers following the parting of ways with NDA.

The former deputy chief minister had also held the finance portfolio in the NDA government in Bihar.

The GST was an important reform and is now likely to remain on the backburner. It was largely expected that the Goods and Services Tax would boost GDP growth.

GoodReturns with inputs from PTI

Read more about: gst
Story first published: Monday, June 17, 2013, 9:35 [IST]
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