You are here: Home » Opinion » Letters
Business Standard

Letter to BS: Hopeful that one day GST will be a 'good and simple tax'

The removal of various central and state value added tax laws, barriers, transaction forms, different rates on one commodity are big achievements

Topics
GST | Goods and Services Tax

Business Standard 

(Illustration: Ajay Mohanty)
(Illustration: Ajay Mohanty)

This refers to “GST: An unappreciated reform” by Mukesh Butani and Tarun Jain (June 29). I fully agree with their views on Rolled out three years ago, the or was the biggest reform in indirect taxes system in India. Initially, all cha­nges are subject to challenges, criticism and difficulties. It was a new system after 70 years. We have to be accustomed to a new system. A lot of learning is needed for the businesses, government departments, the legislatures and the various arms of the judiciary and this process needs time.

However, the return system of GSTR 1, 2 and 3 was deferred and hence, the whole system was cha­nged to give relief to the business community. The system was not ready to make such changes, he­nce system glitches were noticed and rectified. The system is so large, it needs time to adapt to any major changes.

I would like to say the business-to-business community was also not ready. Till today, they are not able to take out reports needed for the GST compliance from the system. We are blaming it on GSTN glitches but if businesses are able to capture the required information from the system, they will achieve some success. There are issues and those will be resolved in time. The removal of various central and state value added tax laws, barriers, transaction forms, different rates on one commodity are big achievements. The current pandemic has given time to GSTN to upgrade its system and it must have removed the glitches. We are hopeful that one day it would be a good and simple tax.

N K Gupta New Delhi



can be mailed, faxed or

e-mailed to: The Editor,

Business Standard,Nehru House,

4 Bahadur Shah Zafar Marg,

New Delhi 110 002

Fax: (011) 23720201 · E-mail: letters@bsmail.in

All must have a postal address and telephone number

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, June 29 2020. 21:54 IST
RECOMMENDED FOR YOU
.