New Delhi: Goods and Services Tax (GST) is an important reform. But that is not the whole point. There is a problem with that. Changes need to be made to make the GST effective. Steps need to be taken to simplify the tax slab, improve the exemption system and improve the quality of technology and the INVS7 system, ”said NK Singh, Chairman of the Fifteenth Finance Commission. He participated in the event, organized by the English newspaper The Indian Express, and commented on various issues. “There is a need for major improvements in relations between the states and the states,” he said. “The task of the Finance Commission is to provide a solution by maintaining a balance between the Center and the states on various issues,” he said. Although the 14th Finance Commission increased the tax share rate from 32 per cent to 42 per cent, no state or even the central government was happy about it. As the chairman of the Fifteenth Finance Commission, he discussed with various states that one thing he knew was that the federal system was only on paper. Good cooperation is needed to prioritize national interests. A different arrangement is needed to continue the dialogue between the state and the center. “There is a need to restructure the policy,” he said.
