GST enlarged tax base, brought formalisation: Government

The  Goods and Service Tax ( GST ) has resulted in greater formalisation of the Indian economy with over 6.5 lakh new assessees having sought registration under the new indirect tax regime, the government said on Monday. Between June and July 2017, 6.6 lakh new agents, previously outside the tax net, sought GST registration. A  Finance Ministry release here said that this increased tax i…