India Inc hopes for an amnesty scheme to resolve tax disputes in next phase of GST reforms

The Goods and Services Tax (GST) laws were made implemented in India on July 1, 2017, replacing the earlier complex Central and State taxes. Under the Indian GST, goods and services are categorised into different tax slabs, including 5 percent, 12 percent, 18 percent and 28 percent. Since then, GST collections have seen a huge rise with every passing year. According to a poll conducted by Deloitte…