India, Aug. 20 -- As India marks eight years of the GST, it is an apt moment to reflect on the journey so far, build on its progress and strengthen the framework for the future. GST has been one of the most significant tax reforms in independent India. It has enhanced transparency, improved compliance, and helped strengthen the revenue base. However, a recent commentary has questioned whether the GST framework adequately addresses tobacco taxation. While reducing tobacco consumption is a legitimate public health goal, the push for structural reforms in tobacco taxation such as raising GST on tobacco to the peak rate of 40 per cent, or extending the compensation cess indefinitely must be viewed through a wider lens.
India is the world's sec...