GST base looks set to be at least 25% wider than earlier tax regime

Sticking to the 1 July deadline for rolling out the goods and service tax (GST) seems to have paid off as far as the number of registered indirect tax assessees, referred to as the tax base, and the potential for a revenue boost to the exchequer are concerned. The number of indirect tax assessees who have applied for registration or registered to pay GST is set to cross the 10 million mark soon, a…