Taxing truths: Decoding appropriate GST shares
“But sir, most of GST is paid by the poor in India.” This innocuous comment by a student during a discussion on the state of the Indian economy made me realise the extent to which some data lingers in people’s mind. The source of this claim was a report, ‘Survival of the Richest: The India Story’, published by the think-tank Oxfam and released at the World Economic Fo…