GST: Current Scenario, Impacts & Concerns of States

Goods and Services Tax (GST), implemented in 2017, unified India's fragmented indirect tax regime into a single, comprehensive system. It replaced multiple central and state taxes, aiming to create a common national market, reduce cascading effects, and enhance tax compliance and transparency.

Recent Developments

  • On July 1, 2025, the Goods and Services Tax (GST) completed eight years. It was launched in 2017 as a major step towards economic integration, GST replaced the tangled web of indirect taxes with a single, unified system.
  • According to data released by the Government of India on June 30, 2025, the gross GST collection in ....
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Indian Economy