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> Doing business in India is so frickin hard, especially after GST. How has GST made things worse? I had paid Service Tax for 10 years prior to GST, and that w
by jeswin 5y ago
> Doing business in India is so frickin hard, especially after GST.
How has GST made things worse? I had paid Service Tax for 10 years prior to GST, and that was a far worse experience.
a) Prior to GST these was an enormous amount of tax fraud. GST makes that way harder, on account of people being able to track and claim input credits. Many (not all) people who were complaining did so because they were suddenly unable to dodge taxes. This forced them to disclose all sales, which affected income tax as well.
b) Everything is now visible on the portal. Who you paid, what they deposited etc.
c) Initially, there were many more compliance requirements. Now it's simpler, with quarterly filing if you qualify.