- Key objectives of tax reforms included simplification and rationalization. - Tax rates were generally reduced to encourage compliance. - Measures were taken to widen the tax base and improve collection efficiency. - Reducing tax evasion was a major goal through better administration and lower rates.
In the post economic reform period, the tax reform measures implied the following:
Asked in WBCS Main Paper 5 2021 · Topic: Fiscal Policy & Revenue (Taxation System in India: Direct, Indirect taxes, and Tax Reforms (including GST))
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Answer: A. Decline in the rates of taxes and reducing eva‐ sion
