GST turns three today; Find out hits & misses
Video description:
The Goods and Services Tax came after the government decided that there has to be a uniform tax regime for everyone. The complex web of indirect taxes came to an end when GST was introduced. It was introduced as an unified tax regime which became the cornerstone of the Prime Minister Narendra Modi government. Today, we completed three years of GST. Here are few hits and misses. Hits: -Significant expansion in the tax base -1.23 crore active GST registrations -GST rate rationalisation -Items in 28% tax slab reduced to 37 versus 228 -Tax evasion measures taken Misses: -Lower than estimated GST collections -Fuel, electricity, alcohol out of GST ambit -IT network troubles, compliance issues -COVID-19 spanner in GST progress Watch to know more details. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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