How can GST be more efficient and better enable India’s march towards a $5 trillion economy?
In brief
- Consistent uptick of the monthly GST collections suggest a remarkable progress.
- Going forward the need to streamline and rationalize the five-tier tax rate structure, availment of input tax credits and inclusion of the remaining items in GST may be imperative.
- Any modern system of taxation also needs an effective, timely, and robust dispute resolution mechanism.
Source EY
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