Q.3 Tax reform introduced in the form of the GST is still in transition. What are the challenges in the implementation of GST? Suggest the necessary changes. (10 Marks)

Mentor’s comment- https://www.thehindu.com/opinion/lead/extending-gst-compensation-as-a-reform-catalyst/article38243062.ece In the intro, mention the nearing end of the duration in which the Centre had agreed to pay compensation to the States for their revenue loss. In the body, mention challenges such as misuse of input tax credit and fake invoices. Impact on certainty for the States about the tax revenue, complex … Continue reading Q.3 Tax reform introduced in the form of the GST is still in transition. What are the challenges in the implementation of GST? Suggest the necessary changes. (10 Marks)