Need to simplify GST and reduce cess: Ex CEA Subramanian
India’s GST regime is very complicated and there is a need to simplify this biggest indirect tax reform introduced in…
Tag: CEA Arvind Subramanian
At 6.1% of GDP, GST revenue for FY24 still not above pre-GST level after 7 years, says former CEA Arvind Subramanian
After India’s goods and services tax (GST) collections touched record high-mark at Rs. 2.10 lakh crore in April, 2024, Arvind Subramanian, former Chief Economic Adviser (CEA) to the central government has now highlighted that the despite the high collections, GST revenue for fiscal 2023-24 (FY24) has still not surpassed the pre-GST level.