Specter of multi-authority, repetitive and multi-directional proceedings haunting GST-payers
The GST regime, implemented in 2017, turns seven years soon, stepping into its proverbial childhood. In many ways, the sweeping tax reform has lived up to its promise - advancing towards the envisaged vision of “One Nation, One Tax, One Market.” The year-on-year growth in numbers can be seen as a testament to the above story. However, as Albert Einstein once said, "Not everything that can be counted counts, and not everything that counts can be counted," it aptly describes that growth statistics in tax collection numbers should not be the sole parameter to judge the success of GST. Let’s look at a specter that is currently plaguing multiple taxpayers across trade and industry.