NEW DELHI: It was a year that was marked by the biggest reset since GST was launched nine years ago and marks a complete change in thinking within the policy dispensation, which had earlier focused on revenue neutral rates.

When the Goods and Services Tax (GST) was rolled out on July 1, 2017, it marked India's biggest overhaul of indirect taxation since Independence. Replacing a patchwork of central…

Government analysis reveals that last September's Goods and Services Tax rate adjustments led to a significant expansion of the tax base. Higher taxable supplies more than…