Four Years Of GST | A look-back and the road ahead

Introduced on July 1, 2017, the Goods and Services Tax (GST) enters its fifth year today. It was implemented with the objective of providing a complete overhaul to the erstwhile indirect taxation regime and to that end, some of its main objectives included simplification of indirect taxes including compliances, digitisation of processes, rate rationalisation, and seamless credit to businesses. GST…