The steel frame around the entire GST ecosystem is holding up
Any new system generally stabilises within five years, if all other things behave normally. However, the goods and services tax ( GST ) has had to face unprecedented challenges as it enters its fifth year. First, it had to contend with a minor global economic slowdown in 2019-20. And then, just as it was emerging out of it, the Covid-19 pandemic struck. GST, however,…