A majority of the indian economy is in the unorganized sector - and India has large tools to ensure that we recover taxes via transaction taxes.
All this does is demolish that sector - and thus harm the larger economy on which the organized sector depends.
Wishes and horses - we may want the whole sector to be organized and transparent - but this isn't going to happen quickly.
Its going to take time, and gradual improvement in laws AND in understanding/education + convenience for compliance.
Theres an optimal path, and nothing else.