Financial breathing space is valuable, but is no substitute for institutional reform

Infrastructure cess in provinces leads to gradual emergence of fiscal barriers

Capital that should be expanding factories and creating jobs is diverted towards satisfying complex revenue machinery

Tax potential is Rs30tr if informal economy, real estate & others are documented

Fragmented taxation structure functions like internal customs barriers

Taxes on inputs for export goods do not generate sustainable revenue; they merely reduce export volumes

Tax litigation becomes routine, consuming judicial time, undermining trust

Economy driven by risk-free returns suppresses entrepreneurship, slows growth

Tax systems designed primarily for extraction eventually undermine revenue due to weak economic growth

Until court's detailed reasoning, administrative restraint will be wiser revenue strategy