The Centre is initiating talks to fix GST. This signals urgency and political will to address a system that needs structural correction
GST unified India’s market but hasn’t delivered on revenues. The Union government has borne the brunt of shortfalls without a compensation buffer
Multiple GST slabs have made compliance harder. Reducing slabs can simplify the system and enhance collections without hurting equity
The compensation cess, extended during the pandemic, is due to end soon. Making it permanent risks complicating the tax structure further
Businesses face procedural hurdles under GST. Without addressing compliance pain points, revenue performance will continue to lag
This reform moment must deliver lasting fixes—simpler slabs, clearer rules, and fewer distortions—for GST to realise its true potential