
8 years of GST: CBIC celebrates ‘Sundays on Cycle’
New Delhi, May 18 (IANS) In the run-up to the completion of eight years of GST, the Central Board of Indirect Taxes and Customs (CBIC), in coordination with the ‘Fit India Movement’, on Sunday organised a nationwide cyclothon titled “Sundays on Cycle”.Shashank Priya, Member (GST), CBIC, highlighted the transformational impact of GST on the Indian taxation system and emphasised how GST has unified around 30 different indirect taxes into a single, transparent tax structure, thereby simplifying tax administration and compliance for both businesses and citizens.Priya also apprised participants of the significant benefits extended to small taxpayers through initiatives such as the GST Composition Scheme and the Quarterly Return Monthly Payment (QRMP) Scheme, which reduce compliance burden and f...