The Push for Tax Reform The Group of Ministers (GoM) overseeing Goods and Services Tax (GST) reforms has officially backed the Centre’s proposal to rationalise tax slabs, aiming to simplify the country’s complex indirect tax architecture. Meeting in New Delhi this week, the ministerial panel reached a consensus on the need to consolidate rates, though…
Consensus and Caution in Tax Reform The Group of Ministers (GoM) on Goods and Services Tax (GST) rate rationalization has officially signaled its support for the Centre’s proposal to streamline tax slabs, aiming to simplify the complex structure that has existed since the tax’s inception in 2017. Meeting in late 2024, the panel discussed collapsing…
The Push for Tax Simplification The Group of Ministers (GoM) has officially signaled its support for the Centre’s proposal to rationalize the Goods and Services Tax (GST) rate structure, aiming to streamline the nation’s complex tax framework. During recent deliberations, state representatives acknowledged the necessity of simplifying the current four-tier slab system, though many raised…
