CLEAN : Businesses hopeful as India overhauls complex tax web

The transcript discusses the complexities of excise duty and the need for multiple business entities to manage taxes. It highlights the potential benefits of a uniform tax system, which could simplify operations and reduce tax burdens. The differences in taxation between manufacturing and food industries are explored, emphasizing the challenges faced by small-scale industries in adapting to new tax requirements and the need for increased tech adoption.

In what ways does the speaker suggest that the taxation system could be simplified?

What are the implications of the current taxation system for consumers and sellers according to the speaker?