Mentor’s comment-
- https://www.livemint.com/
opinion/online-views/a- structural-constraint-that- budgets-must-ease- 11643648198894.html - In the intro, mention the low tax to GDP ratio of about 10 per cent in India.
- In the body mention recent measures such as GST, changes in assessment methods, training of the officers, use of technology etc. In the reasons mention lack of formalisation, narrow tax base, weakness in tax administration. In the way forward mentioning refining tax structure, use of technology, improving tax administration, property tax etc.
- Conclude by mentioning the need for tax reform to increase the tax revenue.
Order ID: IqNPqsKSFI4p44
Siddharth
Good attempt.
Content is fine, structure of the answer is also good.
Write way forward before conclusion.
Introduction is fine.
Reasons are also fine, narrow tax base for direct taxes especially income tax should be mentioned. If you can incorporate some data or current affairs it will be good, for example you can mention recent lowering of corporate tax rates and its rate. BEPS can be mentioned here only with brief explanation.
Measures taken have been written, briefly you can explain GST, other measures to reduce BEPS like equalization levy, idea of Global corporate minimum tax can also be included.
Way forward and conclusion are fine.
Keep practicing. 🙂
0000513717
Kindly review my ans
Likhitha
Nice attempt. You have written well.
Introduction is good.
Reasons mentioned are also fine.
In tax exemptions, agriculture sectors, goods exempted under GST can also be included.
Also talk about low tax base especially for income tax, issues in tax administration.
Government initiatives part is good, you have linked current affairs, that is nice. Also mention GST briefly.
Way forward is also okay. Concept of global minimum corporate tax can be mentioned.
Write a concluding statement.
Keep practicing. 🙂