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What should the government do to get the most out of GST?

  Jun 30, 2017

What should the government do to get the most out of GST?

The GST will greatly improve a fractured tax system and help create an integrated Indian market. But to make the most of this bold innovation, the government has a lot more work to do.

Current tax system
More work ahead
So once the GST is in place, the government should keep working toward its original goal of having only one or two rates, with as few exemptions and as little paperwork as possible. To make the reform stick, and to build support for other initiatives, India needs to see the benefits of the GST as clearly and as quickly as possible. A simpler system would yield better results in short order, and serve over time as a more powerful spur to economic growth. The new GST, imperfect as it may be, will be a great step forward for India.