July 12th, 2022
The GST has gone through significant changes since its implementation. It has grown in leaps and bounds with new reforms which leverage digitisation and the surge of stricter rules and compliances. The year 2022 may witness a likely rejig of the GST provisions and rate slabs keeping in mind the demands of the industry, but also focussing on meeting its tax targets, given the sustained economic resurgence from the pandemic.
Goods and Services Tax (GST) has been taking small steps in solidifying its position which has been questioned time and again by experts and corporates owing to various lags and ambiguous provisions.