Yearend sales and improved compliance contributed to the significant increase in goods and services tax (GST) collections, surpassing the Rs 2-lakh-crore milestone for the first time. Experts believe that this milestone could mark a turning point for the almost seven-year-old indirect tax system. The most recent data from the finance ministry, reflecting transactions in March, indicated a 12.4% growth in GST collections.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DNJ1flz
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