Latest News | GST Biggest Indirect Tax Reform in India's History: CII
Get latest articles and stories on Latest News at LatestLY. Terming GST as the biggest indirect tax reform in the history of independent India, CII on Friday said it helped in creating a unified market across states, simplified the indirect tax structure for the industry and also brought about logistics and warehousing efficiencies.
New Delhi, Jul 1 (PTI) Terming GST as the biggest indirect tax reform in the history of independent India, CII on Friday said it helped in creating a unified market across states, simplified the indirect tax structure for the industry and also brought about logistics and warehousing efficiencies.
The Goods and Services Tax (GST) was rolled out on July 1, 2017.
Also Read | COVID-19 Vaccine More Effective for Obese People Than Underweight: Lancet.
CII director general Chandrajit Banerjee said the government is to be particularly felicitated for taking on board industry suggestions continuously and coordinating during the entire period of transition.
"It is truly a huge achievement. I also compliment CBIC and GSTN along with other bodies who led the transition with such impact. The tireless efforts of all officials at all levels enabled the smooth implementation of the reform in such a short time," he said.
Also Read | Amazfit T-Rex 2 Smartwatch With 150+ Sports Modes Launched in India.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)