GST

Photo: News 18

Finance Ministry Says GST is "Consumer and Taxpayer-friendly"

Remembering the contribution of late Finance Minister Arun Jaitley, the ministry on August 24 hailed the implementation of the Goods and Services Tax (GST). The ministry tweeted that GST is both "consumer and taxpayer-friendly" as it has reduced the tax rate and doubled taxpayer base to 1.24 crore. The ministry said that before GST, several indirect taxes have cascading effect, resulting in high tax rate of up to 31 percent.

Tue, 25 Aug 2020 - 04:46 AM / by Tania Mukhopadhyay

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