- GST aims to modernize taxation, simplify the tax structure, and promote fairness, but its success depends on effective implementation and public understanding.
- Inconsistencies in billing, unauthorized GST collection, and confusion over exemptions undermine compliance and public trust.
- Public awareness and education are essential to ensure citizens and businesses understand GST mechanisms, exemptions, and benefits.
- Strong regulatory oversight, including verification, prompt action on discrepancies, and collaboration with consumer groups, is necessary to maintain credibility and accountability.
- Countries with successful GST systems emphasize transparency, standardized billing, and active public engagement to ensure compliance and trust.
Source: bhutantoday.bt
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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