What are the priority areas for GST Council to focus on

GST is nearly 7 years old now. While collections have grown strongly, various pain points remain. Economist Radhika Pandey and Deputy Editor TCA Sharad Raghavan look into these in #MacroSutra.
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[@tandoori_naan_]

Can we have a report on the Karnataka fiscal collapse? They are increasing taxes, duties, cess just to give freebies. Or we have to give them free hand because its an INC govt?

[@vivekanandgorle3770]

You have already given free hand by electing them.

[@kallachi729]

It will be nice in your discussion to stay upfront what is working and then get on to what is not working or the improvements

[@ahmednadim5859]

Bangladesh absolutely doesn't have one rate for consumption taxes. They're hundreds of exemptions. Get your info right.

[@18bhagyalekshmipol50]

This Roger is really useful for upsc

[@ankurbhattacharjee2214]

GST on insurance is draconian... securing future is taking away 18%. Mockery of taxation

[@kbmehta4208]

Great analysis

[@shamimkhan-yf7lj]

Very interesting topic

[@eldamarmaiar2457]

India needs to lower igst on imported computer parts. Today, most of things are done using computers. A custom pc is more user oriented than a laptop. But due to igst, Our imported electronics like mobile phones and computers costs more than 30% of its original price. Computer parts like processor and gpu are not produced by indian companies, so there no need to protect them when they dont even make these products. This adds extra burden on technical education such as graphics design.

[@gauravpatilg]

Good episode

[@ahmednadim5859]

Local governments should be primarily be financed by property taxes or better yet land taxes.

[@kasyapyahoo]

Ofcourse designer clothes are different from Jockey t-shirts

[@Sheela9999]

Yes gst is regressive --- realestate flat 1 percnet on affordable housing --- without input credit is so regressive

[@MegaAshfire]

How does that make whole of gst regressive?

[@Sheela9999]

@@MegaAshfire -- normally u get input credit on mid end or high end flats which is not the case in affordable housing -- so offcourse it is regressive --- rcm ,inverted duty structure -- all this has sucked 13lakhs crores cash flow from business

[@MegaAshfire]

@@Sheela9999 isn’t this a specific scenario? Afaik other sectors benefitted massively from gst simplification of rates. Also your figure seems overstated given RE prices have skyrocketed . Hell this might control the bubble