GST: Easing compliance burden, mounting revenue concerns

With the government aiming for easing compliance burden for small businesses and taxpayers under the Goods and Services Tax (GST) regime, it has undertaken several rounds of rate reductions and relaxations, especially after one year of completion of the rollout of the indirect tax regime. The measures, however, come amid concerns of declining revenues, which has also been highlighted by several state finance ministers.

 

 

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