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4 days ago · Former Chief Economic Advisor Arvind Subramanian revealed that the Centre has been sacrificing a substantial portion of GST revenue, amounting to 1 per cent of GDP annually, to uphold a 14 per cent compensation guarantee for states since the introduction of the tax regime. Subramanian emphasised the importance of maintaining the current structure of GST, stating that bringing petrol and alcohol under GST would not be advisable.
3 days ago · New Delhi: Former Chief Economic Adviser Arvind Subramanian, who was actively involved with the ministry of finance during the implementation of the Goods and Services Tax (GST) in 2017, said he does not think there will be any further rationalisation of the GST rate structure. India may have missed its chance for a simplified GST by not making ...
4 days ago · Former Chief Economic Advisor Arvind Subramanian revealed that the Centre has been sacrificing a substantial portion of GST revenue, amounting to 1 per cent of GDP annually, to uphold a 14 per cent compensation guarantee for states since the introduction of the tax regime. Subramanian emphasised the importance of maintaining the current structure of GST, stating that bringing petrol and alcohol under GST would not be advisable.
4 days ago · Mr. Subramanian also said he no longer believed it was a good idea to include items like electricity, petroleum and alcohol in the GST net, something that industry and economists like him had been ...
5 days ago · Former CEA Arvind Subramanian says Centre sacrificed significant GST revenue to compensate states, questioning the need for further reforms in the current climate.
4 days ago · The Centre has sacrificed a large portion of revenue from Goods and Services Tax (GST), up to 1 per cent of GDP, every year since the rollout of the new indirect tax regime to fund a 14 per cent compensation guarantee provided to states, former Chief Economic Advisor Arvind Subramanian said on Thursday.
16 hours ago · Data, it is said, is the new oil. One can argue that data is the nectar that policymakers must drink and digest to make good policy. The recent magisterial study by Arvind Subramanian and his team has brought out the veracity of this assertion on the seventh anniversary of the introduction of the goods and services tax (GST).
