Implementing a new tax system in a big country like India would be a big task. Not surprisingly, it has been called the biggest tax reform since independence. It is good that after a year, this tax system seems to be getting rid of many problems which had started in the beginning, and due to which the business people were not happy. Because this displeasure was made to make political issues by making political issues, it was a challenge for the government to remove the GST's complications.
Although to a large extent this has been overcome by the challenge, but it can not be ignored that there are still some problems left. Now when the government is going to outline one year of GST as an achievement, then he will have to pay attention to how the tax system becomes more accessible. At the same time, they will also have to make preparations to move on pending arrangements like reverse charging mechanisms.
It is astonishing that despite the involvement of professional people in the field of technology, technical barriers are not solving the way it has to be. At least one year later, technical barriers should be taken away. Undoubtedly, every new system has some problem, but then it becomes a crisis when the related technology does not support the implementation.
After one year of GST, it should also be seen that how the tax evasion mechanism restrains? It will be easy to take strict vigil against these modes when the process of filing returns will also be easy. Second year of GST should be far easier and more fulfilling than targets. Of course, this will only happen if the change in GST law is completed in the expected time.
Now it is also time demand that any decision about reducing GST slabs will be implemented. When all are assuming that there are four slabs more then then any outcome should be reached as soon as possible. Bringing real estate in GST is also very important. Any meaningful discussion is possible only on bringing petroleum products to the realm of GST after any decision has been taken about this. Since the GST Council has set a precedent in dealing with a consensus and in any case so far it has not been decided to make a decision through voting, therefore this council should be seen as an exemplary example.
Although to a large extent this has been overcome by the challenge, but it can not be ignored that there are still some problems left. Now when the government is going to outline one year of GST as an achievement, then he will have to pay attention to how the tax system becomes more accessible. At the same time, they will also have to make preparations to move on pending arrangements like reverse charging mechanisms.
It is astonishing that despite the involvement of professional people in the field of technology, technical barriers are not solving the way it has to be. At least one year later, technical barriers should be taken away. Undoubtedly, every new system has some problem, but then it becomes a crisis when the related technology does not support the implementation.
After one year of GST, it should also be seen that how the tax evasion mechanism restrains? It will be easy to take strict vigil against these modes when the process of filing returns will also be easy. Second year of GST should be far easier and more fulfilling than targets. Of course, this will only happen if the change in GST law is completed in the expected time.
Now it is also time demand that any decision about reducing GST slabs will be implemented. When all are assuming that there are four slabs more then then any outcome should be reached as soon as possible. Bringing real estate in GST is also very important. Any meaningful discussion is possible only on bringing petroleum products to the realm of GST after any decision has been taken about this. Since the GST Council has set a precedent in dealing with a consensus and in any case so far it has not been decided to make a decision through voting, therefore this council should be seen as an exemplary example.
Comments
Post a Comment