https://www.taxtmi.com/news?id=38367 The Finance Bill is criticised as a patchwork lacking coherent fiscal direction, with the Goods and Services Tax described as the "most complex" tax owing to a multi-rate structure that raises compliance burdens. Comparisons to other jurisdictions with simpler or lower GST rates are used to argue inefficiency in revenue mobilisation. Government supporters defend the Bill as promoting growth and worker welfare, and clarify that alleged corporate loan write-offs do not amount to gratuitous transfers, with recoveries being pursued. en-us Mon, 24 Mar 2025 17:31:03 +0530 Mon, 24 Mar 2025 17:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=38367 The Finance Bill is criticised as a patchwork lacking coherent fiscal direction, with the Goods and Services Tax described as the "most complex" tax owing to a multi-rate structure that raises compliance burdens. Comparisons to other jurisdictions with simpler or lower GST rates are used to argue inefficiency in revenue mobilisation. Government supporters defend the Bill as promoting growth and worker welfare, and clarify that alleged corporate loan write-offs do not amount to gratuitous transfers, with recoveries being pursued. News - Mon, 24 Mar 2025 17:31:03 +0530 https://www.taxtmi.com/news?id=38367