Four years of GST: A flashback and the road ahead
- Blog|News|GST & Customs|
- < 1 minute
- By Taxmann
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- Last Updated on 14 July, 2021
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It was on 1 July 2017, four years ago, when the country witnessed the biggest transformation in the history of its tax system – the implementation of the Goods and Services Tax (GST) which not only changed the entire tax structure of the country but also significantly transformed tax compliance and tax administration.
With the overall objective of simplifying the tax structure and reducing cascading effect of taxes, it has been a roller coaster ride so far for the industry and the government in the last four years. In this article, the author has reflected the journey of GST so far and suggested practices to be followed and implemented in near future.
Read the Full Article Here: Gulzar Didwania - [2021] 128 taxmann.com 130 (Article)
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