Context: This year’s COVID pandemic has strained the fiscal positions of both the central and state governments.
A larger issue is the differences in the abilities of states to plug leakages and improve compliance.
Achievement of Goods and Service Tax (GST):
Issues with the GST:
Way Forward:
Conclusion: GST has been one of the most significant economic reforms undertaken since Indian Independence. There is a need to address state-specific issues in realizing the true collections.