GST: Federal flexibility is key

Taxation reform, as summed up by a long-time legislator abroad, can be taken to imply, “Don’t tax you, don’t tax me, but tax that fellow behind the tree.” The policy purpose, essentially, across regimes is to rationalise taxes, boost transparency and broaden the tax base in the bargain. In the realm of taxation of goods and services or indirect taxes, there have indeed been significant reforms here in the last decade, and we need more reforms to comprehensively overhaul the indirect tax regime. 

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