Essayer OR - Gratuit
GST @8: PwC suggests petro-products’ inclusion, lowering tax slabs
The Northlines
|01 JULY 2025
The GST Council, comprising finance ministers from the Centre and states, should simplify compliance, reduce tax slabs to three, and broaden the base by bringing petroleum products under GST, a PwC India report said on Monday.
Goods and Services Tax (GST), launched on July 1, 2017, completes eight years on Monday. GST subsumed about 17 local taxes and 13 cesses into a five-tier structure, simplifying the tax regime.
Over the last 8 years, the average monthly GST collection rose from Rs 90,000 crore in 2017-18 to Rs 1.84 lakh crore in 2024-25 (April-March). The collections touched a record high of Rs 2.37 lakh crore in April 2025.
Cette histoire est tirée de l'édition 01 JULY 2025 de The Northlines.
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