The Goods and Services Tax (GST), implemented on July 1, 2017, marked a significant milestone in India’s economic reform. Described as ‘one nation, one tax’, GST aimed to simplify the complex, multi-layered tax structure prevalent in pre-GST era. The reform has led to the creation of a unified market, improved supply chain efficiency, and increased tax base. However, the multi-rate structure and complex tax architecture have posed challenges. #itwebvideos #gst #indianeconomy #taxreform #onenationonetax #economicreform #digitalindia #easeofdoingbusiness
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