Revenue Secretary Adhia took to Twitter to bust some myths about GST. Revenue Secretary Hasmukh Adhia on Sunday cleared apprehensions of the consumers over the complexities of the Goods and Services Tax (GST) reform, which is likely to benefit the honest taxpayers. Elucidating the process of the filing returns, Adhia further said that the people will only have to file return one in three months. The GST, which rolled out on June 30 midnight is said to bring the Indian economy under a single tax bracket. Under the GST, six slabs of taxation have been proposed by the council, ranging from zero percent to 43 percent.

Source: dna July 02, 2017 11:48 UTC