GST regime: The initiative towards “One Nation, One Tax, One Market” was expected to shore up revenue collection in the country and to strengthen Centre-state relationship. Read more »
While the jump in GST collections augurs well for the economy starved of good news, most of the increase can be attributed to runaway inflation and the increase in imports. Read more »
The government is employing data analytics and artificial intelligence to plug GST leakages. Taxpayers also can use technology to improve business processes. Read more »
Despite the mayhem it caused, demonetisation benefited the Indian economy by triggering the growth of fintechs, techfins and gig platforms. Read more »
The growth in GST collections points to a recovery, but questions remain over the trajectory of Indian economy in the coming fiscal. Read more »
State governments should distance themselves from alcohol revenues and find other avenues to fund their activities. Read more »
While the first 37 meetings of the GST Council did not require voting, there have been instances of majority driven decision-making recently which could jeopardise the functioning of the GST regime. Read more »
Extreme centralisation or total decentralisation may not help contain the Covid-19 pandemic, but flexible Centre-state relations may. Read more »
The Narendra Modi government must take steps such as GST deferrals, relaxation of interest payments, duty exemptions, and faster tax refunds to help businesses tide over the Covid-19 crisis. Read more »
In the light of the gloomy economic growth forecasts, the government must announce big ticket GST sops to mitigate the crisis triggered by Covid-19. Read more »