GST 5 years: The journey of indirect tax regime so far
India | July 01, 2022 7:46 ISTThe tax base has significantly increased since July 1, 2017. As of March 31, 2022, there are 1.36 crore active GST registrations in the country.
The tax base has significantly increased since July 1, 2017. As of March 31, 2022, there are 1.36 crore active GST registrations in the country.
CGST refers to Central Goods and Services Tax, SGST (State Goods and Service Tax), and IGST (Integrated Goods and Services Tax).
With pressure building up from states, the Goods and Services Tax (GST) Council will soon start publishing rates of various products to prod companies to pass on gains, including those from input tax credit
The government, with its anti-profiteering rules under the GST regime, does not intend to use the “hammer” immediately to pull down prices, leaving it to market forces to guide companies to pass on the benefits of GST to consumers
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