M Govinda Rao
Articles by M Govinda Rao

Expand GST base, reduce the compliance burden

Pruning the GST exemption list and keeping the threshold at a reasonably high level is an integral part of the reform to keep the tax base broad and avoid levying it at high rates

The main argument for exempting pre-packed food items is that these constitute a large proportion of the consumption basket of low-income groups. However, most low-income households do not buy pre-packed food items but items sold in small quantities and loose. (Arun Sharma/HT PHOTO)
Updated on Aug 02, 2022 06:25 PM IST

The road ahead on revenue compensation to the states

As the economy recovers and with the improved compliance, the actual growth in revenue would be higher and this may obviate the need for compensation by many states. It remains to be seen how the Council will tread this difficult path.

Implementing GST by combining 13 domestic trade taxes levied by the Centre and states was by no means easy. (File Photo)
Published on Jun 27, 2022 08:08 PM IST
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