GST's Foundation Laid
The proposed GST structure is designed to be comprehensive, aiming to streamline taxation across various sectors. This approach is considered bold because
it challenges existing tax structures and integrates them under a single, unified system. The goal is to make it easier for businesses to comply and boost the economy, similar to how a strong foundation supports a building, in this case, India's economy.
Balance and Impact
Johri views the structure as balanced, reflecting an attempt to accommodate the interests of different stakeholders. It is hard to reject because it considers the needs of both businesses and the government. The balanced nature suggests a fair distribution of the tax burden, crucial for long-term economic stability, much like the balance in a classical Indian dance form.
Bold Policy Moves
The 'bold' aspect refers to the willingness to undertake significant reforms. By integrating a complex web of taxes, the Centre displayed courage to usher in change. This step underscores a commitment to modernizing India's tax system, aiming to improve efficiency and reduce tax evasion. This is similar to taking a decisive step in a game of chess, aiming for a strategic victory.
