Tag: GST comes into effect

Total 2 Posts

GST leads to Formalization of Economy and Widening of Tax Base

New Delhi-Historic tax reform, the Goods and Service Tax , has resulted in formalization of economy and consequently information flow would eventually augment not only the Indirect Tax collections but also Direct Tax collections in India. In the past, the

GST comes into effect in India

New Delhi – PM Modi called GST as ‘good and simple tax’. At the gala of launching, Prime Minister said GST will eliminate the compounding effects of multi-layered tax system.This is a example of cooperative federalism as the centre and