I find that it is no longer easy to get a subject to write about GST and its basic structure. The previous taxes, namely central excise, service tax, and sales tax, had so many problems such that there was no dearth of subjects for writing articles by me and other analysts. Now after GST, I find that there is no subject, except the number of rates, evasion, and input credit delays. That proves by implication that GST has solved many problems, such as defining manufacture, finding out the correct taxable event, determining what was intermediate goods, and all.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Already a premium subscriber? LOGIN NOW
SUBSCRIBE TO INSIGHTS
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- 26 years of website archives.
- Preferential invites to Business Standard events.