Context
On July 1, 2025, India marked the 8th anniversary of the rollout of the Goods and Services Tax (GST). However, this milestone coincided with the lowest GST collection in four months — ?1.85 lakh crore for June 2025. This reflects not only slowing consumption but also structural inefficiencies in the current GST regime. The editorial underscores urgent reforms such as rate rationalization, inclusion of fuel under GST, and removal of GST Compensation Cess.
"The Goods and Services Tax (GST) was envisioned as a unified indirect tax regime to promote cooperative federalism and economic efficiency. In light of recent trends in revenue collection and fiscal dynamics, critically evaluate the need for structural reforms in GST." (250 words)
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