Saving the GST

Overhaul of procedures and rate rationalisation will help

Revenue Secretary Hasmukh Adhia has said in an interview that “there is need for some rejig in rates” of the goods and services tax (GST). In what seems to be a candid admission of how the execution of the GST in the past four months has been bedevilled with many flawed ideas, Mr Adhia has also underlined the need for harmonising rates for items belonging to the similar categories of goods and services. The burden of compliance on small and medium businesses and on the common man, he said, would be brought down wherever it had proved to be onerous.