Five years on, examining the cost of GST

When GST was launched, the question was “Is the country completely ready for single tax?” While this question remains relevant, there is a need to ask another: We have transitioned to “One nation, one tax”, but at what cost?

Five years ago, a new indirect tax system was launched by the Narendra Modi government. The Goods and Services Tax was introduced to replace the complex order of entry levies and sales tax in India. It also aimed to modify tax compliance and administration within the country. Half a decade later this move has become a lot more than just being about “one nation, one tax”…

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