Katharsis

The constitution of India calls India an indestructible union of destructible states. The new Goods and Services Tax (GST) strengthens this notion of an indestructible union. The GST is a destination based indirect tax inserted in concurrent list of Schedule 7 in the constitution that will replace multiple cascading indirect taxes applied by the center and the states. It has been added in Article 246A through 101 st constitutional amendment act. The GST will subsume central taxes such as central excise duty, service tax, central surcharges and cesses and state taxes such as state sales tax, state VAT, luxury tax, entry tax, entertainment and amusement tax, taxes on lotteries, gambling and betting and state surcharges and cesses. The revenue of the tax would go to the state where the good originates. The GST council has come out with a multi-tiered tax structure – 0% on products on consumer price basket including foodgrains, 5% on items of mass consumption like spices and mustard

The globalization debate has been raging ever since it formally began in the mid-20 th century with the opening of institutions like World Bank and IMF. In technical sense, India opened up to Globalization much later in 1991 when it was felt important to liberalize market norms and allow privatization to encourage growth of its long stagnant economy. Historically however, India has long preached ideals of Vasudhev Kutumbhkam and Sarve Bhavantu Sukhina, carving out the Indian model of globalization . Last year, India marked the silver jubilee of this venture explained by concepts like global village (Marshall McLuhan) for borderless world (Kenichi Ohame) and compression in terms of time and space (Anthony Giddens). When thinking the impact of globalization, it becomes important to mark at the outset that it has affected different countries differently. The impact of globalization has divided scholars across the world into its defenders and critics. While Marxists criticize it a