News
Will the GST increase political fragmentation?
- Date:
- April 10, 2017
- Source:
- Live Mint
To its proponents, the much heralded goods and services tax (GST) represents a bright new hope: an India at long last knitted together into a single market. Collapsing hundreds of state-specific taxes into a four-tiered tax slab which applies nationwide would be expected, according to conventional economic theory, to reduce transaction costs and thereby deliver efficiency gains. But could GST inst…