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GST implementation – Hasty turns out nasty

Goods and Services Tax - GST - By: - Swati Kharkia - Dated:- 6-10-2017 - Anticipations from over a decade were put to rest on July 1, 2017 when India's biggest tax reform since independence, Goods and Services Tax (GST) was launched. With an attempt to create historic mark, the Government although claims to have succeeded in this smooth transition from the earlier tax regime to the new tax regime, but the scenarios after 75 days of its implementation does not justify the same. GST - A Goods .....

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of registered assesses, most of whom wanted to be tax compliant, show that had the implementation been delayed for some more time, the public as well as the Government would have been in a better position than what it is today. If I remember soundly, a couple of Notifications were issued on 28th June 17 and 30th June 17, but GST was already scheduled to get started from 1st July 17. So, in 2-3 days only, the public was expected to read and understand the various notifications and check its relev .....

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l, people started managing and memorising all they could to survive in the new regime with the typical Indian attitude of Jugaad . But… Just as they started understanding and implementing whatever they had learnt, amendments to the notifications started flowing in! Ah, Forget and Re-learn - The law of survival. More and more notifications were issued after 1st July which kept amending what was notified at an earlier date. When the government itself was not sure how things should be placed .....

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. This was nothing but an increase to the number of returns from 3 to 4 per month! In the garb of giving public some time to adapt to the new tax system, Government took time for itself to develop and test the System (GSTN) which completely let down the Government. Months after months are passing, but as the next due date approaches to file the returns, screen buzzes with notifications stating last date to file the return extended . Although the taxpayer lets out a sigh of relief on the extensio .....

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