Nine years of GST: One tax, one market, many transformations
India's Goods and Services Tax (GST), rolled out in 2017, has transformed indirect taxation, creating a unified national market and boosting formalisation. Collections have surged
India's Goods and Services Tax (GST), rolled out in 2017, has transformed indirect taxation, creating a unified national market and boosting formalisation. Collections have surged, and businesses now operate digitally, improving efficiency. Consumers benefit from reduced tax cascading and greater price transparency. The next phase, GST 2.0, focuses on simplification, technology, and dispute resolution to further enhance ease of doing business and economic growth.
The BriefWire