GST reform just a first step to making it good and simple
THE overhauling of the Goods and Services Tax (GST) after a lag of eight years is a welcome reform. The only fault in the exercise is that it has been delayed too long. The GST system has been in dire need of simplification and rationalisation. Originally conceived as a single tax that would replace the multiplicity of levies comprising the indirect revenue structure, it ended up becoming a tangle of red tape.