India — the world’s fifth largest economy with more than $3 trillion in GDP — has managed to double its tax base since the introduction of GST in July 2017.
"Somehow a thumb rule has emerged that if the monthly GST collection crosses 1 trillion rupees, or $12 billion, then it's a success," he said.
"GST remains a landmark tax reform of independent India, despite many implementation issues that have been experienced in its first five years," Rajan Katoch, a former heavy industries secretary of India, told CNBC. Before GST was introduced, India's tax system — often intricate and impenetrable — was notoriously difficult to navigate.
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