Monday, April 19, 2021

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India’s GST is the world’s most complex tax, says World Bank

New Delhi, March 16: The Goods and Services Tax is one of the most complex taxes in the world with the second highest tax rate, the World Bank has said. The GST was implemented by the Union Government on July 1 last year. GST has the second highest tax rate in the world, the World Bank has concluded after studying 115 countries that have similar indirect tax regimes. The Goods and Services Tax was launched by Prime Minister Narendra Modi's government with five tax slabs that are 0%, 5%, 12%,...