We need to get GST right for revenue neutrality

Attaining the right balance between tax revenue targets and consumer interests is imperative

P C Jha 

P C Jha The existence of grey markets is a matter of serious concern for any economy. They hurt trade, foreign investment, government revenue, employment, innovation, crime control, national security and the health of the people. India is on the cusp of a major growth phase, but this has also opened up avenues for the growth of a parallel economy and large grey markets.   A study by Ficci CASCADE reveals that the supply of unaccounted and untaxed goods in India increased by 44.4 per cent in just two years (between 2012 and 2014) in sectors such as alcoholic beverages, auto components, computer ...

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Read our full coverage on GST

We need to get GST right for revenue neutrality

Attaining the right balance between tax revenue targets and consumer interests is imperative

Attaining the right balance between tax revenue targets and consumer interests is imperative The existence of grey markets is a matter of serious concern for any economy. They hurt trade, foreign investment, government revenue, employment, innovation, crime control, national security and the health of the people. India is on the cusp of a major growth phase, but this has also opened up avenues for the growth of a parallel economy and large grey markets.   A study by Ficci CASCADE reveals that the supply of unaccounted and untaxed goods in India increased by 44.4 per cent in just two years (between 2012 and 2014) in sectors such as alcoholic beverages, auto components, computer ... image
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