Gist of the GST story: rationalise rates

GST has shown itself as a solution to several layers of policy infirmity. A correctly designed GST can address chronic gaps in tax devolution to local governments, improving governance delivery in cities, the principal centres of consumption. Less clutter in tax rates and exemptions ease the burden on litigation. Finally, it sends out a very strong signal on policy continuity.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.