Go one better: GST’s ambit should cover real estate and alcohol to fight black money

The progress of legislative activity to roll out Goods and Services Tax (GST) has been hailed – and rightly so – as an important step in India’s economic transformation. It was helped by the willingness of all political parties to prioritise long-term good over expediency. Unfortunately, that is not the entire story. GST would have been better if real estate and alcohol had been included in its am…