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NEW DELHI: India could soon unveil a plan to turn Goods and Services Tax Network (GSTN), the information technology backbone of the indirect tax regime, into a fully or majority state-owned agency by buying out the stakes of private entities that currently hold a 51% stake. 

Nine months after the goods and services tax (GST) was launched in the country, most businesses are still struggling to understand the new indirect tax regime, a survey conducted by the online wholesale marketplace Wydr has revealed.

9 months after rollout, retailers and manufactures still struggle to understand GST: Wydr survey

Textile mills in south India, which are facing a high rate of attrition, plan to conduct a job fair at Agartala on April 25-26 to recruit workers directly.

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

The Goods & Services Tax (GST) since its roll out on July 1, 2017 has engaged businesses across the country in brainstorming sessions to understand the new tax regime system in its actual form. A lot of criticism is pouring in against this new tax system. Majority calls it a burden on the common man’s wallet and an impediment to economic growth. However, there are some who call it as a simplified tax structure which will take some time to get streamlined. 

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