 "The work of reform is never finished. Last month, economist M Govinda Rao made an eloquent case in a column published in this newspaper for reforming the Goods and Services Tax (GST), both in terms of its direction and timing. He argues that the time")
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Illustration: Binay Sinha
The work of reform is never finished. Last month, economist M Govinda Rao made an eloquent case in a column published in this newspaper for reforming the Goods and Services Tax (GST), both in terms of its direction and timing. He argues that the time for big reform is now, as the economy seems to be doing fine despite global headwinds. Never mind that in democracies, deep reform is undertaken only during a crisis. He also believes that our current GST structure is “sub-optimal” and must be moved in the direction of global “best practices”, “lower and
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