Introduction to GST and the Need for Amendments

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2026-02-20 05:16:19 - Translate

The implementation of the Goods and Services Tax (GST) in India on 1 July 2017 was the most potent and far-reaching financial reform in the country’s history. It subsumed several indirect taxes, such as excise duty, value-added tax (VAT), and service tax, under one umbrella tax. But the scale and depth of the reform meant that several teething problems arose. To resolve these matters and...

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