Goods and services taxes

Union Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay Malhotra during the 50th Goods and Services Tax (GST) Council Meeting at Vigyan Bhawan, in New Delhi, on July 11, 2023. | Photo Credit: PTI The Goods and Services Tax…

After a roller-coaster ride, the current indirect tax system, goods and services tax (GST), has completed its five years of implementation on Friday (July 1). The regime, with a driving motto of ‘One Nation, One Market, One Tax’, subsumed…