GST needs reforms, state govts must have their say

The Goods and Services Tax (GST) is often described as independent India’s most pathbreaking indirect tax reform. Here, India had the latecomer’s advantage of learning from the experience of others — preceded as it was by about 160 countries in the implementation of a GST/value added tax (VAT). However, an India-specific GST paradigm had to be evolved considering our specificitie…