Panel moots wide-ranging revamp to make GST less taxing

A key committee set up by the government to simplify the goods and services tax (GST) has proposed a wide-ranging revamp of the reform that was put in place on July 1 to make compliance easier. A composition scheme for services, deferment of the e-way bill till 2019 and abolition of the reverse-charge mechanism are some of the key measures proposed by the committee in its report submitted to finan…