Four years ago today, India made history by launching the Goods and Services Tax under its One Nation, One Tax agenda. Overnight, the Goods and Services Tax changed the way indirect taxation was perceived within the country. These last four years have seen the Goods and Services tax gain steady momentum as more and more taxpayers come under its ambit, to the point that the rollout of the indirect taxation system is considered a milestone in India’s economic history. This article shares insights into what can be done to improve GST efficiency in India before it reaches its fifth birthday.
Source Businessworld
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