A Taxing Tale: Assessing the Impact of Six Years of GST

Goods and Services Tax (GST) stands at a critical juncture six years after its implementation. Despite promising enormous benefits, it has fallen short and led to a decline in economic growth, especially for the unorganised sector.

Goods and Services Tax (GST) has completed six years since it was launched on the midnight of June 30, 2017. It was billed as India’s second freedom. In a repetition of the then Parliament’s midnight meeting on August 14, 1947, the Parliament met dramatically in 2017 to hear the Prime Minister announce the launch of GST.

It was said that the fragmented Indian market would be unified into one and a parallel was drawn with 1947, when free India had come together as a union of states.

Read More

Arun Kumar

Professor Arun Kumar, Distinguished Fellow at TPF, is the Malcolm Adisheshiah Chair Professor at the Institute of Social Sciences, New Delhi and was formerly professor of economics at Jawaharlal Nehru University from 1984 to 2015. He has an MA (Physics) from Princeton University, USA and PhD (Economics) from JNU. His recent book (published in Dec 2020), Indian Economy's Greatest Crisis:Impact of The Corona Virus and The road Ahead, has generated great interest and discussion.