GST was launched in as India’s biggest-ever tax reform to replace more than a dozen federal and state levies. Officials said it has evolved and stabilised with a robust system and that million GST returns are filed and almost Rs trillion crore collected monthly. They added now the time has come to finetune it and make it more efficient so that tax collection increases and the system is more accessible for taxpayers.“The matters will, however, be decided by the GST Council,” the person said.
The Union finance minister-led GST Council is an apex federal body that decides all matters related to the indirect tax. State finance ministers are the council’s members and its decisions have conventionally been unanimous.
Experts, businesses, and some council members have said GST appeared to be complicated for the taxpayers even three years after it was introduced.