
The introduction of GST on 1st July 2017 was a bold move in the history of the Indian Taxation System. As per Economic Survey 2017-18, Demonetisation and the introduction of the Goods and Services Tax (GST) brought 1.8 million more people under the ambit of Income Tax. A large number of dealers who were previously unregistered are now registered under GST. The low turnover limit has brought these dealers under the GST radar.
Many among these newly registered dealers would … Read More