India still has miles to go before it has a good and simple tax

In spite of numerous tweaks to GST rates and rules in the past one year, India’s version of the goods and services tax remains complicated, compared to peers around the world. Some features that are unique to India’s GST model have made the law too complex. And its messy implementation took a toll on businesses in initial months as compliance costs spiked. India has a multi-tier tax rate structure…