The Goods and Services Tax (GST) came into effect across India from July 1, 2017. GST has turned all 36 states and union territories of India into one common market. By curbing cascading taxes, GST has also reduced the cost of local production. GST is expected to bring more businesses from the unorganised to the organised sector, thereby increasing efficiency and productivity and attracting more foreign direct investment (FDI).1
Paying taxes has become easier in India because of factors like the introduction of GST and digitisation of processes. A fact that is captured succinctly in the World Bank Doing Business Report 2018. India improved its ranking on the Paying Taxes indicator in the report by 53 places.