Quick Summary
As India continues on its growth trajectory, the spotlight shines on the efficacy of its tax policies, particularly the Goods and Services Tax (GST). With expectations of a significant increase in GST collections for the next fiscal year, fueled by a robust growth environment and transformative policies, the nation stands at the cusp of economic advancement. In an exclusive interview with a well-known media portal, Revenue Secretary Sanjay Malhotra shed light on the factors contributing to this
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FAQ :
The GST Appellate Tribunal is planned to expand with 50 new benches.
The expansion aims to enhance the resolution of tax disputes and support India's economic growth.
The threshold limit for GST registration has been substantially increased, bringing relief to Micro, Small, and Medium Enterprises (MSMEs).
A survey indicated that 94% of industry leaders view GST favourably.
Yes, following the introduction of a specific tax entry for online gaming, tax revenues increased substantially from Rs 605 crore to Rs 3,470 crore within three months.
No, there are no immediate proposals for a rejig in the capital gains tax regime; the focus remains on optimising tax structures.
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