On the fifth anniversary of the rollout of the GST tax regime, the government says GST collections have come in above Rs 1 lakh crore for the 12th month in a row. June collections crossed Rs 1.44 lakh crore, the second-highest collection ever after the Rs 1.67 lakh crore collected in April this year.

GST was envisaged as 360 -degree tax reform to supersede the anomalies ingrained in the erstwhile indirect tax structure. GST has not only reformed the tax structure, but also transformed the tax compliance to a tax administration.CNBC-TV18’s Shereen Bhan spoke to Union Revenue Secretary Tarun Bajaj on the need to streamline the GST law, compliances and procedures.

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