VakilsearchNov 17, 2021New GST Rule Not Applicable for MSMEsThe Goods and Services Tax was implemented to help lower the total compliance burden on taxpayers and streamline the tax collection process.The government has revised its GST laws and regulations throughout time to ensure that they stay up-to-date. The introduction of the Goods and Services Tax significantly changed the taxation system in India. Implementation of the GST regime helped taxpayers by reducing compliance and eliminating double-taxation. In many ways, GST has transformed India’s taxation system and economy by making it more efficient and technology-driven.Read more at Vakilsearch
The Goods and Services Tax was implemented to help lower the total compliance burden on taxpayers and streamline the tax collection process.The government has revised its GST laws and regulations throughout time to ensure that they stay up-to-date. The introduction of the Goods and Services Tax significantly changed the taxation system in India. Implementation of the GST regime helped taxpayers by reducing compliance and eliminating double-taxation. In many ways, GST has transformed India’s taxation system and economy by making it more efficient and technology-driven.Read more at Vakilsearch
