On 1st July 2017, India implemented the Goods and Services Tax (GST), a transformative tax reform that unified the country’s tax system, created a single market, and boosted operational efficiency. GST replaced a complex indirect tax regime, ending tax cascading, enhancing transparency, and aligning with India’s vision of ‘Ek Bharat – Sreshtha Bharat’. As we commemorate GST Day annually, it serves as a reminder of India’s commitment to economic reform and its journey towards a more integrated and competitive economy globally.
Source A2ztaxcorp
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