<b>Letters:</b> Getting GST-ready

This would lead to an increase in cash outflow and constrain liquidity in the business

With reference to “A big step forward” (June 5), in its concluding observations in 2016, the committee headed by Chief Economic Adviser Arvind Subramanian on possible tax rates under the goods and services tax (GST) described the tax as a game-changing reform that would facilitate “Make in India by Making One India”. The GST is undoubtedly a landmark legislation that can potentially transform the Indian tax structure by subsuming all indirect taxes and unifying the country as a single market. It can not only help improve governance and strengthen tax institutions but also impart buoyancy to the tax base. The