“The need of the hour is a comprehensive review of the GST architecture, addressing, in particular, the issues flagged by the CAG.” What are the limitations of GST as a tax? What other steps do you suggest to improve its efficiency? (15 Marks)

Mentors Comments: https://indianexpress.com/article/opinion/editorials/gst-council-lotteries-taxation-kerala-6177500/  In the intro, briefly give the outline of GST tax and its background. Mention the decline in … Continue reading “The need of the hour is a comprehensive review of the GST architecture, addressing, in particular, the issues flagged by the CAG.” What are the limitations of GST as a tax? What other steps do you suggest to improve its efficiency? (15 Marks)