 "GST")
The recent report of the Union comptroller and auditor general (CAG) on the goods and services tax (GST) does praise its rollout as a landmark achievement. And, points at several deficiencies in its implementation.
GST, it says, was rolled out with the objective of reducing the cascading of tax, ushering in a common market for goods and services, and bringing in a simplified, self-regulating and non-intrusive compliance regime. It appreciates that multiple central and state taxes, barring a few goods/sectors, have been unified, Input Tax Credit (ITC) is available across the entire value chain.
In two years, a multiplicity of
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