Ex-Chief Economic Advisor Arvind Subramanian bats for GST Simplification and Cess Slashes

Former Chief Economic Advisor Arvind Subramanian advocated for simplifying the GST framework and slashing cess rates to improve compliance and efficiency. Speaking at a policy forum, he highlighted the complexities of the current GST structure, which deter businesses from seamless compliance. Subramanian proposed reducing the number of tax slabs, eliminating unnecessary cesses, and addressing ambiguities in the law. He argued that simplification would broaden the taxpayer base, boost revenue collection, and promote equitable taxation. Experts agree that such reforms could alleviate compliance burdens while fostering economic growth. The call for simplification aligns with ongoing efforts to streamline GST processes and enhance transparency. Policymakers have acknowledged the need for periodic GST reforms, and Subramanian’s recommendations provide valuable insights into achieving a more efficient and business-friendly tax system