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...