South Asia and Beyond

GST@6: At The Crossroads

NEW DELHI: Last Saturday (1 July) India celebrated the sixth anniversary of the Goods and Services Tax (GST).
By any count it is the most marquee tax reform carried out by India and has incredibly managed to economically unify the country—previously goods had to move through 36 tax jurisdictions. And, since there was no tax set off it triggered a cascading effect, essentially a tax on tax.
At the same there is cause for pause. Especially with respect to the future of GST. To take it to the next level India needs to undertake reforms, especially with respect to rates as well as the tax slabs.
How will India go about this task? To answer this and many more questions we spoke to Haseeb Drabu, economist and former finance minister of Jammu and Kashmir. Do watch and share your thoughts.

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