Five structural reforms govt must bring to clear the way for GST bandwagon; tax framework is too control-oriented

Taxes are essential to govern the country but their collection should be conducted without causing disruption to the business which drives tax. A good indirect tax fiscal system should be clear and comprehensive in scope of levy, should allow a seamless flow of input tax credit and have minimal tax tiers. Further, it should be supported by simple compliance system and efficient validation infrastr…