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On 5th #GSTDay, I argue that in trying to make GST more equitable through multiple rates, GST has become more complex and less equitable because of regressive nature of compliance costs.
My paper (forthcoming in Social Philosophy & Policy). shrutiraj.com/wp-content/upl…
Here's why 👇
My paper (forthcoming in Social Philosophy & Policy). shrutiraj.com/wp-content/upl…
Here's why 👇
GST was marketed as a tax system that:
✅ Is easy to comply with as it subsumes multiple taxes into one tax
✅ Will unify the state tax system and convert India into a single free trade zone
✅ Has the potential to reduce corruption and tax evasion 2/n
✅ Is easy to comply with as it subsumes multiple taxes into one tax
✅ Will unify the state tax system and convert India into a single free trade zone
✅ Has the potential to reduce corruption and tax evasion 2/n
But getting all states and political parties to agree on this reform meant building consensus on the actual rate/rates. Various experts came up with different rates for a single GST. 3/n
