https://www.taxtmi.com/news?id=18224 The government set the nationwide commencement of the Goods and Services Tax (GST) at midnight on June 30-July 1, asserting that GST will expand the formal economy and raise Centre and state revenues over time by improving tax efficiency and compliance, while noting short term switchover challenges. Additional initial filing time has been provided to ease transition and address concerns about small and medium enterprise preparedness. The GST framework includes an anti profiteering clause intended as a deterrent against unjustified price increases, to be used only if required. en-us Tue, 20 Jun 2017 15:52:57 +0530 Tue, 20 Jun 2017 15:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18224 The government set the nationwide commencement of the Goods and Services Tax (GST) at midnight on June 30-July 1, asserting that GST will expand the formal economy and raise Centre and state revenues over time by improving tax efficiency and compliance, while noting short term switchover challenges. Additional initial filing time has been provided to ease transition and address concerns about small and medium enterprise preparedness. The GST framework includes an anti profiteering clause intended as a deterrent against unjustified price increases, to be used only if required. News - Tue, 20 Jun 2017 15:52:57 +0530 https://www.taxtmi.com/news?id=18224