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Monday, December 23, 2024 | 11:53 PM ISTEN Hindi

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GST still work in progress

With all the untiring efforts of officials in the finance ministry and GST Network, the complaints are reducing; however, it is too early to say the new tax regime has stabilised

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TNC Rajagopalan
Nearly one year since the introduction of the Goods and Services Tax (GST), what stands out is the quick response of the GST Council and government to most representations of the trade.  

It was always expected that unexpected difficulties would come up in implementing. However, most of those had been encountered were anticipated and made known to the government before GST was introduced. The government had initially dismissed the apprehensions as unfounded myths. 

When returns could not be filed, refunds of exporters got stuck and anomalies in the rate structure showed up, the GST Council met frequently to take necessary
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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