Looking back at GST implementation: What the future holds?

The system is stabilising and efforts for simplification and strict compliance are seen in collections.

Gross GST revenue touching an enviable Rs 1.42 lakh crore in March, 2022, highest till now and higher by 15% and a whopping 46 % year on year from preceding two years provides a vantage point to look back at the challenging path traversed in ushering in India’s greatest economic reform. Even if rise in commodity prices is taken into consideration, there is a significant rise in revenue indicative of a strong economic recovery as also showcased by an increased generation of e way bills going up to 6.91 crores in Feb, 2022 from 6.88 crores in Jan, 2022 as