Q.3 Examine the structural issues in the GST architecture that makes it an unrealised promise. Suggest the way forward. (10 Marks)

Mentor’s comment-
  • https://www.thehindu.com/opinion/op-ed/a-grand-tax-bargain-in-danger-of-coming-apart/article35732620.ece
  • In the intro, briefly mention the objectives of GST.
  • In the body mention structural issues such as the dominance of the Centre, issues with tax structure as mentioned in the article, various exemptions from registration, exclusions, lack of compliance etc. In suggestions mention the need for change in voting rights and assigning the weightage to contribution in tax pool, restructuring the exemptions and exclusion and focus on compliance.
  • Conclude by mentioning the need to remedy these issues to make GST a success story.
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