GST needs a consumption-based overhaul, not piecemeal refund reforms
GST reforms must ensure immediate input-tax credits and refunds for businesses to reduce production costs, encourage investment and prevent tax cascading, argue Arbind Modi and Ajay Shah.
Attributed summary
GST reforms must ensure immediate input-tax credits and refunds for businesses to reduce production costs, encourage investment and prevent tax cascading, argue Arbind Modi and Ajay Shah.
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