Moneycontrol
- Jul 3

GST@6: Two critical challenges the indirect tax regime must tackle

The Goods and Services Tax (GST) has come a long way in six years. The number of taxpayers has doubled from around 68 lakh in 2017 to around 1.4 crore; the average monthly revenue has also risen almost at the same pace from close to Rs 90,000 crore in 2017-18 to Rs 1.69 lakh crore in the current financial year.

At a macro level, it has significantly contributed to the formalisation and digitisation of the Indian economy.