What is the opinion of the 13th Finance Commission chair on the current GST system in India
The 13th Finance Commission chair believes that the next government must urgently fix the 'unnecessarily complex', counter-productive GST system.
The 13th Finance Commission chair holds the opinion that the current Goods and Services Tax (GST) system in India is unnecessarily complex and counter-productive. Here are some key points regarding the opinion of the 13th Finance Commission chair on the current GST system in India:
- The chair believes that the GST system needs urgent fixing by the next government.
- The chair considers the system to be overly complicated, which hinders its effectiveness.
- There is a view that the complexity of the GST system could be detrimental to its intended purpose of simplifying the tax structure.
- The chair suggests that simplifying the GST system will improve compliance, boost tax revenues, and facilitate economic growth.
- Overall, the emphasis is on the pressing need for reforming the current GST system to make it more efficient and less burdensome.
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a year ago