GST revamp a welcome step, but clarity essential
THE long-awaited rationalisation of the Goods and Services Tax (GST) structure is a welcome move that needs careful carry-forward momentum. The Group of Ministers’ approval of the Centre’s proposal to scrap the multi-slab GST system in favour of a two-tier structure sets the ball rolling for major customer-centric reforms. A boost to economic activity is imminent, provided all that is promised is delivered on the ground. The plan entails two rates for most items —