https://www.taxtmi.com/article/detailed?id=7178 Arguments centre on adopting a lower statutory tax regime combined with a broader taxpayer base, simplified e compliance, tax amnesty and reduced cash transactions to increase collections and cut litigation. Implementation of indirect tax reform and GST is identified as the key mechanism to formalise transactions and shrink the parallel economy, while GST Council decisions on centre-state interface, compensation and draft statutes are decisive for rollout timing. en-us Wed, 04 Jan 2017 08:52:07 +0530 Wed, 04 Jan 2017 08:52:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7178 Arguments centre on adopting a lower statutory tax regime combined with a broader taxpayer base, simplified e compliance, tax amnesty and reduced cash transactions to increase collections and cut litigation. Implementation of indirect tax reform and GST is identified as the key mechanism to formalise transactions and shrink the parallel economy, while GST Council decisions on centre-state interface, compensation and draft statutes are decisive for rollout timing. Articles Goods and Services Tax - GST Wed, 04 Jan 2017 08:52:07 +0530 https://www.taxtmi.com/article/detailed?id=7178