Currently, there are 1.40 crore businesses registered under Goods and Services Tax, nearly double the number of businesses registered in indirect tax regime pre-GST rollout
The taxpayers, however, can reclaim the ITC later following the deposit of taxes by the supplier
The number of items under the 12 per cent tax slab has increased to 19 per cent in January 2022 from around 18 per cent in July 2017, he said. He added that GST tax slab of five per cent accommodates around 21 per cent of...
