GST formalising economy, widening tax base: Finance Ministry

"Historic tax reform GST has resulted in formalisation of the economy and consequently information flow would eventually augment not only the indirect tax collections but also direct tax collections," the ministry said in a statement.

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/gst-formalising-economy-widening-tax-base-finance-ministry_11024541.html
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