One year of GST and its impact on the MSME sector
This July 1st being the first anniversary of the Goods and Service Tax (GST) has been declared as annual ‘GST Day’ by the government. After the initial teething troubles, things are now settling down with lesser downtime on GSTN system and broad improvement in general.
The completion of one year of GST was marked by some very interesting numbers released by the government.
Monthly GST collections have now breached the Rs 1 lakh crore mark showing improved overall tax collections