The implementation of GST completed a year yesterday. The tax reveals a surprising percolation to all segments of industry, reports Shoma Patnaik The Goods and Services Tax (GST) shook up businessmen and industrialists after it was introduced uniformly across all states on July 1 2017. It was not a sudden implementation since the tax was in waiting for several years and the date for launch was set back several times. There were misgivings on the implementation GST and constant demand from trade for a phased execution. But the move towards GST remained relentless as the government adjusted the tax rates, offered relaxations and improved the online payment system to make the tax easier on the people. Presently with GST completing a milestone on Sunday, the anniversary celebrations are looking better than anticipated. To be sure the criticisms continue but ground check reveals that acceptance of the tax is inevitable. Among traders, commercial establishments and industrial units the realization is that there is no going back to the old system and GST is here to stay. Meanwhile, in Goa, from the small shop keeper in the market to the grocery store owner nearly everybody is clued on to the existence of… Read full this story
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