Incentivising end consumers to create a more compliant eco-system
Minimisation of tax-related disputes
Re-structuring of tax administration
Address cash-flow related issues - optimum utilisation of cash or credit balances
The Goods and Services Tax (GST), the biggest and most transformational economic reform in Indian history, completed two years on 30 June 2019.
Publicised as the ‘one nation one tax’, GST brought with it expectations of a simple, stable and transparent tax regime, which would result in an overall reduction in the prices of goods and services and facilitate barrier-free movement of goods across India.
The Government has walked a tight rope in terms of its meeting the expectations of end consumers and industry as well as ensuring buoyancy in revenue collections and tax administration.
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