gst
Chat on GST: Reform, Fiscal, Growth impetus
In this chat we put the recent changes to GST into context, discussing the history of indirect taxes in India, some of the challenges in implementing GST, and the impact of this reset on inflation, demand, and growth. We discuss how rate rationalization can boost consumption without straining fiscal math, how input tax credit works … Read more
Economic Survey 2018 may not shape Budget 2018, but it’s a treasure of insights
Since demonetisation, 10.1 mn new taxpayers have filed returns, versus an average of 6.2 mn in the prior 13 monthsNeelkanth Mishra | Last Updated at January 30, 2018 12:47 IST (This was published in the Business Standard: link) The Economic Survey 2018 (ES) is not really a precursor to the Union Budget 2018; that is, … Read more
The GST joystick
As the GST subsumed taxes that added up to 40% of India’s total tax take, achieving ‘revenue neutrality’ is criticalNeelkanth Mishra | Last Updated at December 4, 2017 23:24 IST (This was published in the Business Standard: link) It is now obvious to most that getting the goods and services tax (GST) started was only … Read more
A fog descends on a house under renovation
Prolonged uncertainty can be detrimental to growth: The economy may need monetary and fiscal helpNeelkanth Mishra | Last Updated at September 4, 2017 23:22 IST (This was published in the Business Standard: link) The “weak near term for a strong long-term” view of the Indian economy is now consensus. Structural changes such as millions of … Read more
Fools rush in (GST)
GST is a reform long delayed. But there may be good reason not to hurry it through now.Written by Neelkanth Mishra | Updated: September 23, 2016 6:06:22 am (This was published in the Indian Express: link) Deadlines help. Hard ones help even more. After all, years of false starts have turned the goods and services … Read more