Tightening the GST net: Time to expand base, streamline flow of credit
The new government will have to tighten the GST net in its upcoming tenure. The government will have to expand the GST base in the country. At present, real estate (land and building) and petroleum products are outside the GST net. Their absence in the GST net results in a breakage of the credit chain and adds to the cost of the businesses. Althoug…