India’s fiscal deficit goals threatened by tax evasion as demand wanes

There have been numerous cases of bogus billings, tax evasion and fake invoicing, according to PwC. India’s slowing economy could easily be the fall guy for Prime Minister Narendra Modi government’s struggles with meeting tax targets. But there’s another culprit: tax evasion. A nationwide consumption tax, introduced in 2017 and widely regarded as a tool […]

from GST India-Goods and Services Tax in India https://ift.tt/30iyu4E