7 years: A friendlier, simpler GST on the way

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Times of India 4d ago

7 years: A friendlier, simpler GST on the way - Times of India

Quick Summary:

India Business News: As we enter the eighth year of GST, stakeholders would have some inkling of what the future holds.

The use of technology, such as biometrics and geo-tagging, and a focussed drive against fake entities and fake billing over the last two-to-three years has yielded good results and would continue.

The purpose is to simplify, so that most items attract the median rate, similar items are broad-banded and rate inversions in sectors, such as textiles, fertilisers, pharma etc.are removed.