News
This is how ingenious traders find new ways to evade GST
- Date:
- January 18, 2018
- Source:
- Economic Times
Total collection of the Goods and Services Tax (GST) in November added up to Rs 80,808 crore, down from a provisional Rs 83,346 crore in October and a peak of over Rs 94,000 crore in July—the lowest since the tax regime was put in place. Though the decline is partly due to sharp cuts in the tax on close to 200 items from November 15, there could be another reason: tax evasion. Multiple tax rates h…