April 2021 set a new record of Rs. 1,41,384 crore in GST collection in India.
.
.
IT good for county economic?
That’s very good to hear.
However, with the scaling IT companies have I’m afraid that the tax has been reduced ultimately in a legal way. It might Indian Executives already knew how to play the game.
That’s why having an accountant in a team is very effective (
a clever one). Filing return requirements and paying GST have to be done by professionals to be effective and to avoid penalties.
But on this type of structure?
I don’t think this will become consistent and India must be prepared after the pandemic instead and see what will happen.