GST Reform to Boost Revenue UPSC
The recent proposal to rationalise the Goods and Services Tax (GST) structure in India, as endorsed by S&P Global Ratings, marks a significant step in the nation’s fiscal and economic reform agenda. The move aims to simplify the complex GST system—currently comprising four slabs—into a more efficient, two-tier system. According to S&P, such reforms are poised to provide substantial long-term benefits for government revenue and broader economic growth.
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