Tax Reforms
Tax reforms can be differentiated under two sub heads i.e. indirect tax reform and direct tax reform.
A. Indirect tax reform - GST
Recently GST law has completed two years of it’s implementation. It has increased the formalization of economy, expanded and unified goods and services market and reformed the indirect tax regime of nation (one nation one tax regime).
Challenges
- Inspite of these achievements key shortcomings and challenges observed in the operationalisation of GST law are as follows:
- High complexity due to multiple tax slabs and associated administering challenges such as of auditing, accounting, etc.
- Issues related to ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Regulation of Pharma Sector in India
- 2 FRBM Act: Fiscal Prudence vs. Contingent Compulsions
- 3 India's Agri-Subsidy and WTO Norms
- 4 Public Debt Management: Challenges and Way Forward
- 5 Monetary Policy & Poverty Alleviation: Challenges and Suggestions
- 6 Reforming the PDS for Better Nutrition
- 7 Need for Reforms in Agricultural Marketing
- 8 Strengthening MSMEs: Challenges & Opportunities
- 9 Marketing Related Issues
- 10 Post-Harvest Loss (PHL) (Storage Issue)
