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M Govinda Rao: Tracing GST's evolution as an idea

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

M Govinda Rao 

M Govinda Rao

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 occur overnight and evolve over the years. Still, it is useful to get the history right. Several tax experts have contributed to the evolution of the GST idea in India, beginning with the L K Jha Committee on Indirect Tax Reform in 1976, which recommended the transforming of Union excise duties ...

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First Published: Thu, August 18 2016. 21:48 IST
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