5 years on, work still in progress: The promises, challenges of GST regime

Five years after the  Goods and Services Tax (GST) came into force, the much-debated indirect tax regime seems to be finally stabilising. At least, the revenue numbers seem to suggest that. However, contentious issues continue to plague the  GST . It is still a truncated tax model, with items outside it yielding almost 40 per cent of the Centre’s indirect tax kitty sans customs duty in 2…