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Reforming GST

We must simplify, lower and make GST comprehensive to fulfil its promise

Naushad Forbes 

Naushad Forbes

The goods and services tax (GST) finally became law in 2016, with cross-party support in both Houses of Parliament, and all state legislatures passing it. GST has come in for a lot of criticism, but it is useful to step back and view it as a whole.

To replace excise duty, sales tax, luxury tax, octroi and myriad others taxes and duties, which varied across states in quantum and implementation, with one tax was fundamental progress. To provide a complete set-off for all input taxes, was an essential contribution to competitiveness. Thanks to these two changes from what we had earlier, GST ...

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First Published: Wed, February 19 2020. 20:57 IST
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