GST reform urgency: India must mend a chain of input tax credit that’s holding its economy back
Structurally, thus, India’s GST is an incomplete VAT. When key inputs lie outside its ambit, the credit chain remains patchy and hidden taxes accumulate within production. This ultimately burdens consumers. If India aims to improve the ease of doing business and attract global supply chains, restoring the integrity of the GST credit chain must become central to its tax reform agenda.
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