The much awaited GST

摘要

The Goods and Services Tax (GST) is one of the most significant reforms introduced in the history of the Indian fiscal evolution. It is definitely a progressive and pragmatic approach to taxation that will improve ease of doing business in the country. That being said, the government could only muster consensus on the nature of levies that shall be subsumed in the GST. There is no consensus on the final GST rate; which is key to determine the impact.