GST, the biggest taxation reform, led to increase in tax base, higher collections and ease of trade Rates continuously reduced providing relief of about 80,000 crore annually to consumers Most items of daily use of poor and middle class now in the 0% or 5% tax slab Average GST collection in the current financial year stands at 97,100 crore per month as compared to 89,700 crore per month in the first year GST council to appoint a group of ministers to examine and make recommendations to reduce GST burden on home buyers

GST, the biggest taxation reform, led to increase in tax base, higher collections and ease of trade Rates continuously reduced providing relief of about 80,000 crore annually to consumers Most items of daily use of poor and middle class now in the 0% or 5% tax slab Average GST collection in the current financial year stands at 97,100 crore per month as compared to 89,700 crore per month in the first year GST council to appoint a group of ministers to examine and make recommendations to reduce GST burden on home buyers https://www.taxtmi.com/news?id=21007 The GST reform consolidated multiple indirect taxes into a single tax, expanded the tax base, rationalised rates to reduce consumer burden, and simplified compliance through e-way bills, online returns and composition schemes for small businesses, while a group of ministers has been proposed to examine reducing GST on housing. en-us Fri, 01 Feb 2019 13:52:10 +0530 Fri, 01 Feb 2019 13:52:10 +0530 TaxTMI RSS Generator GST, the biggest taxation reform, led to increase in tax base, higher collections and ease of trade Rates continuously reduced providing relief of about 80,000 crore annually to consumers Most items of daily use of poor and middle class now in the 0% or 5% tax slab Average GST collection in the current financial year stands at 97,100 crore per month as compared to 89,700 crore per month in the first year GST council to appoint a group of ministers to examine and make recommendations to reduce GST burden on home buyers https://www.taxtmi.com/news?id=21007 The GST reform consolidated multiple indirect taxes into a single tax, expanded the tax base, rationalised rates to reduce consumer burden, and simplified compliance through e-way bills, online returns and composition schemes for small businesses, while a group of ministers has been proposed to examine reducing GST on housing. News - Fri, 01 Feb 2019 13:52:10 +0530 https://www.taxtmi.com/news?id=21007