CA Sudhir Halakhandi
Quick Summary
It has been a long time since GST was implemented in India and now the question is asked many times, is GST really a simple Tax? If we look at this question in another way, then the real meaning of this question is- Is GST not a simple Tax? See, since the implementation of GST, it was decided tha
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FAQ :
Yes, GST was designed to be a transparent and simple tax system levied all over the country, aiming to reduce the complexity of multiple indirect taxes.
Key difficulties include impractical restrictions on input credit, the reverse charge mechanism (RCM), and a high volume of GST notices issued for minor reasons.
GST can be simplified by providing taxpayers with adequate time to resolve input credit mismatches, focusing tax recovery on sellers rather than buyers, and controlling the number of notices issued for small issues.
The article suggests that if e-invoicing is implemented for sales over a certain threshold, the requirement for an e-way bill should be removed to avoid redundant procedures.
Yes, human intervention in GST audits, surveys, refunds, notices, and goods transportation checks is increasing, leading to delays and complications similar to pre-GST systems.
The primary goals of GST should be to generate revenue and, crucially, to make doing business in India easy and convenient, thereby enhancing the ease of doing business.
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