It has been nearly seven years since the introduction of Goods and Services Tax (GST) in India. GST has significantly contributed towards the creation of a unified national market and reduced tax-cascading. A retrospect on the past seven years clearly indicates a substantial growth in the indirect tax revenue and surge in the taxpayer base. It may be relevant to note that India witnessed a record gross GST collection of 2.10 lakh crore for the month of April 2024.
Please click here to read the full article by Manish Mishra, and Dhwani Vyas published in Financial Express.
Manish has more than 23 years of experience in Indirect taxation across Industry, Consulting and law firms.