<b>M Govinda Rao:</b> Tracing GST's evolution as an idea

MODVAT was introduced in 1987 without unifying rates, leading to confusion and loss of revenue


Now that the goods and services tax (GST) Constitution amendment Bill has been passed by the Rajya Sabha, different political parties are ascribing its success to their own ingenuity. As Raja Chelliah used to say, often originality lies in suppressing the original source. Indeed, reform ideas do not

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First Published: Aug 18 2016 | 9:39 PM IST

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