The GST at last, but much still to be done3 min read 05 Aug 2016, 12:04 AM IST
An integrated national market will lead to immense economic advantages
The passage of the constitution amendment bill that clears the way for a complete overhaul of the tangled Indian indirect tax system is welcome. P. Chidambaram was finance minister when he said way back in his 2006 budget speech that there was a broad political consensus to replace the confusing array of levies with a nationwide goods and services tax (GST). That it has taken a decade for the broad consensus to actually translate into legislative approval tells us a lot about the political gridlock that has held back essential reforms in recent years.
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