Union Budget 2021: GST remains a challenge; govt must make changes to ease compliance burden
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Jammu, Jan. 24 -- GST Compensation Cess was introduced for an initial period of five years
tocompensate states from a revenue shortfall.
By Santosh Dalvi
Every Budget proposes change in tax policy, procedures, tax rates and
compliance.Albeit every change is not beneficial to the taxpayers in general but as a
Greekphilosopher, Heraclitus said, 'Change is the only constant in life'. It is a very
aptquote especially for Goods and Services Tax (GST) where a taxpayer has
toconstantly deal with changing regulation.
Even after three years of GST introduction, the taxpayers are still facing
challengesin coping up with the ever-changing nuances of GST law. Therefore,
taxpayersexpect the government to 'make changes' in the GST law with an...
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