There are several reasons why this newspaper has been an enthusiastic supporter of the goods and services tax (GST). India seems to be drifting away from the goal of a single, moderate GST rate. Higher direct tax collections will create fiscal space for India to experiment with a lower GST rate. The growth dividend from GST will ensure that total tax collections are not harmed despite a lower tax rate. And a renewed push for direct tax reforms should ideally create fiscal space for a lower GST rate.

Source: Mint October 23, 2016 16:52 UTC