Moving towards a more effective GST3 min read . Updated: 14 Nov 2017, 01:25 AM IST
The GST council needs to move towards a system of three rates, a widening of the GST net and streamlining of compliance procedures
The overdue transition to the new goods and services tax (GST) has started off on the wrong foot. The three main problems have been the complicated tax structure that can create distortions, onerous compliance procedures that have created working capital stress in many smaller companies, and technical glitches in the GST network.
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