India’s Goods and Services Tax regime isn’t the disaster it is made out to be

Simplicity and ease of compliance are what taxpayers primarily demand from a taxation system. India’s earlier indirect tax regime was often said to be fraught with problems. The task force set up by the 13th Finance Commission, for example, concluded that the system was “distortionary and inhibited voluntary compliance”. It was to address such concerns that the Goods and Services Tax was envisaged…