Quick Summary
As GST Completes four years today, Anurag Thakur - Union Minister of State forFinance Corporate Affairs pens down a message for the citizens of the country reflecting upon these four years under the GST Regime. Moreover, he has also assured the taxpayers that the government is constantly moving ahe
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FAQ :
GST celebrated its fourth anniversary on GST Day 2021.
Anurag Thakur noted that GST revenues reached a record high of Rs. 1.41 lakh crore in April 2021 and have consistently exceeded Rs. 1 lakh crore for eight consecutive months.
Technology has been deployed to facilitate trade and improve ease of doing business, including the Return Enhancement Project for easier return-filing and e-invoicing to reduce compliance burden.
Enforcement drives have successfully targeted fake dealers, fake invoices, and fake Input Tax Credit (ITC), detecting cases of evasion exceeding Rs. 29,000 crore.
The government is committed to continuously improving the GST system and moving ahead in its endeavour to provide a user-friendly GST system for taxpayers.
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