In the context of the Union Budget, we need to analyse what big-ticket items have been missed since the introduction of GST. Potential micro-level changes needed to improve the efficacies of the historic tax initiative also need to be examined. The objective is to ponder over possible improvement areas in the tax for fast-pacing the growth and development of the nation.
Existing lacunae in the GST framework:
Need for crucial micro-level changes in GST:
(The views expressed are personal and solely belong to the author)