Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
GST Implementation Leads to 134% Increase in New Taxpayers Over 7 Years
Update / Judgement Date
01 Jul 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
GST
The implementation of GST in India has resulted in a significant 134% increase in new taxpayers over seven years. Introduced in July 2017, GST aimed to simplify the tax structure by subsuming various indirect taxes. As of the latest data, the number of registered GST taxpayers has grown substantially from 66.17 lakh at the start to over 1.55 crore currently. This surge underscores GST's impact on formalizing the economy and expanding the taxpayer base, crucial for revenue generation and compliance enhancement.
