Tax Net News
GST mess: Two-and-half years on, much-hyped indirect tax reform needs a major overhaul; govt should launch three-slab structure
The GST Act mandates that the states should be given compensation for revenue shortfall of below 14 percent growth for the first five years of the GST roll-out.
Uttar Pradesh emerged as the top state with maximum number, more than 50 percent of total figure, of tax evaders under the GST regime.
Post-demonetisation, the department has taken a host of measures to increase tax base and the statement of financial transaction (SFT) report filed by banks shows widening of taxpayer base.