GST needs a consumption-based overhaul, not piecemeal refund reforms
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓A decade after GST started, experts Arbind Modi and Ajay Shah said the system needs a major overhaul.
- ✓Current rules on input-tax credit and refunds burden production instead of taxing final consumption.
- ✓They argued that fixing these core issues is key to boosting manufacturing, investment, and overall economic growth today.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Standard
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
A decade after GST was introduced, reforming input-tax credit and refund rules remains key to reducing the tax burden on production and investment, improving manufacturing competitiveness and supporting economic growth, argue Arbind Modi and Ajay Shah. | Illustration: Ajaya Kumar Mohanty
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Business Standard
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.