The Direct Tax Code (DTC) and the Goods and Services Tax (GST) have not seen any progress to a logical conclusion. Disputes on corporate taxation is a huge factor in attracting foreign investment.
States need to be brought in line on matters of GST and a transparent simplified tax code without retrospective clauses is important.
A simple tax code addressing all issues will make it easy for foreign investors to take decisions. A lower and easier direct tax code could help increase the tax base.