Introduction of Goods and Services Tax (GST) and Direct Taxes Code (DTC) will help revive the sagging economic growth.
The implementation of DTC would enhance economic efficiency of the tax system by eliminating distortions and increase tax-GDP ratio.
Government must soon put into effect DTC, which seeks to overhaul the over 50-year-old income tax law.
It must also pave the way for GST bill that seeks to bring in a common tax regime for goods and services.
Reema Sharma/Ajeet Kumar
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