News– GST was launched in July,2017 with the vision of “one nation one tax”, it has seen quite some adaptations since then but still lacks in some key aspects. What was the vision behind GST’s Introduction It was expected to improve tax-GDP ratio, end tax cascading, enhance efficiency, competitiveness, growth, and ensure lower prices. Many exemptions,… Continue reading “Goods and services tax as an unfinished agenda”
Tag: good and services tax
GST rationalisation: Challenge and response
Synopsis: A revision of GST slab rates may create some disquiet, but, if cleverly crafted, it could be a game-changer for manufacturing. Introduction Recently, the group of ministers (GoM) was formed by the GST Council for rate rationalisation and correcting the inverted duty structure. The GoM has a very difficult task of balancing a number… Continue reading GST rationalisation: Challenge and response
