The views of the industry and trade should be sought to understand the challenges of day-to-day business operations.Budget showcases the next phase of the tax administration guided by digitisation and integration of central and state-level systems through IT bridges and removal of overlapping compliances.
However, as far as GST is concerned, the Finance Minister has not given any indication on the proposed changes in compliance processes and the preparedness of technology infrastructure. As one studies the fine print of the Finance Bill, the idea of ‘trust-based governance’ seemed to have not been ad ..
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https://economictimes.indiatimes.com/small-biz/gst/gst-input-tax-credit-why-tasking-the-recipient-with-the-responsibility-of-ensuring-supplier-compliance-may-be-draconian/articleshow/89556910.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
https://economictimes.indiatimes.com/small-biz/gst/gst-input-tax-credit-why-tasking-the-recipient-with-the-responsibility-of-ensuring-supplier-compliance-may-be-draconian/articleshow/89556910.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst