The seven-year itch: Scratching beneath the surface of GST numbers

Every facet from the simplification of compliances and improvements in logistics to robust revenue collections have all been examined at length

Seven is a special number. Be it in mathematics (prime numbers and number theory), music (seven musical notes), astronomy (days in a lunar phase), or mythology (Sapta Chakra, Sapta Samudra or Sapta Rishi), the cycle of sevens is a constant around us. It is apt then that, as the goods and services tax (GST) turns seven this month, we take a moment to examine how arguably the biggest tax reform since Independence has fared since it was rung-in at midnight on July 1, 2017.

Since then, GST has received considerable academic attention. Every facet from the simplification