Simplicity and ease of compliance is what taxpayers primarily demand from a GST system. In the past three years, numerous judicial rulings have created a new set of problems that adversely affect an honest taxpayer’s business. There are instances where rulings oppose the crux and intention of the legislature. This, in our opinion, is far more detrimental.
Source: taxmann.com
Latest Posts in "India"
- GST Council to Discuss Simplifying Tax Regime, Reducing Levies on Cement, Services, and Insurance
- GST Council to Discuss Moving Food, Textile Products to 5% Tax Bracket in September Meeting
- Auto Industry Urges Quick GST Rate Implementation to Boost Festive Season Sales
- GST Council to Discuss Sin Goods Tax, Rate Structure Overhaul, and Future Cess Plans
- GST Council to Consider Raising Maximum Slab Rate Beyond 40% for Luxury and Sin Goods