One year of GST: Crackdown corner
Updated: July 1, 2018 11:26 AM IST
One year of GST is being celebrated with fanfare. Rightly so. It has the potential to transform India's fortune and keep it going as the fastest growing economy in the world. GST was introduced on July 1, 2017. It has done away with multiple taxation of VAT, service tax, central excise duty, octroi, etc. But, there are problems. GST intelligence wing has discovered Rs 2000 cr worth tax evasion in just first 1-2 months! So, does that make a case for crackdown? Here are three ways to ensure compliance:
