
The Goods and Services tax, introduced to streamline and unify a complicated indirect tax regime in India, has been a subject of criticism and contesting claims since its inception. On the one hand, it has emerged a buoyantly growing source of revenue for the government, while on the other, the multiplicity of tax slabs, high compliance burden and lack of transparency in certain respects have undermined the promise with which it was billed. In Episode 7 of Tracking Trends, I sit down with Najib Shah, who was the Chairman of the Central Board of Excise & Customs (CBEC) when the GST rollout was being finalised. As the Chairman of CBEC and as a special invitee to the GST council, he was involved with the process leading to the formulation of the GST Laws.We discuss what the aim of #GST was, how much it has achieved, where it has missed, and the road ahead. The result is an insightful conversation where both of us were made to think and take in new perspectives.#gstregistration #GSTReforms #indianeconomy #rajeshmahapatra #compositionscheme #cbic #taxrevenue