Kaizzen GST
We at Kaizzen Insights believe that Growth, Stability and Transformational should be the new terminology for GST as it steps into its sixth year.
While its journey, at times, may have been messy and turbulent and witnessed significant disagreements among its members at the GST Council, it has achieved many of its objectives. Tax collections have increased, leakages curbed, evaders caught and prosecuted, and fostered a spirit of cooperation between the Centre and states. Moreover, much headway has been made in uniting the nation through “one nation, one tax, one market.”
This book, divided into ten chapters, tries to delve into its past, track the present and attempt to predict the future challenges of what has come to be defined as the most significant reform in the country’s indirect tax structure as it completes five years of its rocky existence. These chapters look at various facets of GST, like the twists and turn in its creation and how its implementation spawned a whole set of technological revolutions and led to the formalisation of the economy, among others. The last chapter looks at the road ahead for GST and the changes required to make it a truly “Good and Simple Tax.”
