Lower rates alone will not stop GST evasion — simpler rules will
The Goods and Services Tax (GST), when it was first launched, was supposed to simplify the indirect tax system in the country, and at the same time lead to higher tax collections for the government. However, 20 months after it was introduced in July 2017, it has failed on both counts. Let’s take a detailed look on this issue, point-wise. 1) The central GST collections (see accomp…