Hellow guys, Welcome to my website, and you are watching Seven years of #GST: Challenges and the way forward. and this vIdeo is uploaded by The Hindu businessline at 2024-07-01T01:57:48-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Seven years of #GST: Challenges and the way forward |
| Video Uploader | Video From The Hindu businessline |
| Upload Date | This Video Uploaded At 01-07-2024 08:57:48 |
| Video Discription | Introduced seven years ago, the Goods and Services Tax (GST) has simplified compliance, improved tax buoyancy and increased states’ revenues, but challenges still exists. Rolled out on July 1, 2017, Goods and Services Tax (GST) streamlined 17 taxes and 13 cesses into a 5-tier structure, simplifying the tax regime. In seven years, the number of registered taxpayers has risen to 1.46 crore from 65 lakh in 2017. Average monthly GST revenues, soared from around ₹90,000 crore in 2017-18, to about ₹1.90 lakh crore in 2024-25. The turnover threshold for registration rose to ₹40 lakh for goods and ₹20 lakh for services (up from ₹5 lakh on average under VAT). GST also reduced 495 different submissions (challan, forms, declarations, etc) across states to just 12. #GSTIndia, #GoodsandServicesTax, #TaxReform, #TaxCompliance, #GSTImpact, #TaxRegulation, #GSTChallenges, #TaxRevenue, #GSTRegistration, #TaxSimplification, #TaxPolicy, #GSTStatistics, #TaxStructure, #GSTImpactOnEconomy, #TaxAdministration -- Follow us on: Website: https://www.thehindubusinessline.com Facebook: https://www.facebook.com/TheHinduBusinessLine Twitter: https://twitter.com/businessline Instagram: https://www.instagram.com/hindu_businessline Spotify: https://open.spotify.com/show/0dT640TEOm9S2ThjMpTCnV?si=aced8445196f48c1 Whatsapp: https://whatsapp.com/channel/0029Va6b46LDp2QBVK652j1j Telegram: https://t.me/HinduBusinessLine |
| Category | News & Politics |
| Tags | #GSTIndia | #GoodsandServicesTax | #TaxReform | #TaxCompliance | #GSTImpact | #TaxRegulation | #GSTChallenges | #TaxRevenue | #GSTRegistration | #TaxSimplification | #TaxPolicy | #GSTStatistics | #TaxStructure | #GSTImpactOnEconomy | #TaxAdministration |
