Course correction

Underperformance of GST must be addressed

gst, tax

Business Standard Editorial Comment New Delhi
The Indian economy is returning to normal after almost a year of unprecedented disruption. The focus should now shift to the sustainability of recovery and addressing pending policy shortcomings. One of the policy weaknesses India needs to urgently address is the underperformance of goods and services tax (GST), though it has improved in recent months. Sluggish overall revenue collection has exacerbated the fiscal stress and is affecting government expenditure. GST’s implementation with inadequate planning, a multiplicity of rates and their random tinkering, including for electoral reasons, and poor information technology support contributed to the problem.

The GST Council in its next

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 21 2021 | 10:20 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to