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GST – Journey so far

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Initiatives taken by the Government to setup GSTAT

Initiatives taken by the Government to setup GSTAT

Introduced in July 2017, replacing a set of Central and State taxes such as Central excise, State value added tax (VAT), Service tax etc.

Destination-based consumption tax wherein Centre and State simultaneously levy tax on a common base

Significant increase in number of compliant GST payers with average monthly GST collection of INR 1.5 lakh crore in FY 2022-23

Sharpened checks and balances by tax authorities, with significant reduction of manual intervention

Integrated technology and introduced e-invoicing, e-filing of refunds, online appeals and auto approved letter of undertaking (LUT) etc.

GST Appellate Tribunal (GSTAT) to be set-up for smooth functionating of GST

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#TaxmannPPT | GST Appellate Tribunal