Why Government is not considering to remove deficiencies in GST rather than introducing new tax?
The existing sales tax system substantially distorted on several accounts. Over the passage of time, it has become complex, inefficient and regressive. Thus, a simple, efficient and progressive form of sales tax is a need of the day. VAT does provide a model of such modern form of sales tax. VAT is much more transparent and equitable than traditional and obsolete forms of sales tax. VAT is not a new tax but a modern and simple substitution of the existing sales tax.
