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> Good example is GST. After it's launch several month's ago, almost every big/small industry is finding it hard to get the specific details. I don't get what
by shripadk 9y ago
> Good example is GST. After it's launch several month's ago, almost every big/small industry is finding it hard to get the specific details.
I don't get what problems does industry have with regards to GST apart from simpler return filing and changes in rates. The implementation was itself smoother than expected. Just compare with other countries that implemented GST and you'll realise that it took almost 2 years for things to stabilize. Comparatively, the implementation and addressal of most issues took only few months! Today, Hasmukh Adhia also hinted at automatic preparation of GST returns and simplification of invoice entry by directly entering details into the system which is pretty amazing if you ask me. I'm actually quite happy with how GST has shaped. Especially when compared to other governmental bodies which have error prone systems. I have faced no issues filing GSTR-3B returns and with simplification of GSTR-1 and GSTR-2 I guess all worries are taken care of.
- sbmthakur 9y agoGST is only complex for people who don't have to file it.