SIXTH ANNIVERSARY OF GST ERA
IN INDIA
The Goods and Services Tax Act, 2017
came into force in India with effect from 1.7.2017.
The GST era completed six years on
30.6.2023 and Indians celebrate GST Sixth Anniversary on 1st July,
2023
The numbers of GST Registration were
increasing year by year and the revenue to the Government is also increasing
year by year with growth rate.
In GST regime E-Way Bill System
introduced and all the Check Posts in India were abolished
Similarly in
GST regime e-Invoice System introduced for all B2B transactions in order to
increase revenue to the exchequer and also to arrest evasion of GST.
In future India will be the
First Country in the world in respect of GST Collections no doubt.