One GST code and One Tax required for businesses
A. Singh, Managing Director, Computer Land
GST started on a very good note. It was told that GST will simplify doing business but that did not happen. It was being given to understand that the introduction of GST will result in ease-of-doing business, but it has become difficult to transact business. The implementation of GST is like a complex mathematical exercise – IGST, CGST, STGST. It has become very complex. With GST, there is a general sentiment which has hit people. People who were doing mid size business they think that their business has gone down, compliances have become very complex, people are afraid to do transactions. Since there business is going down, they do not want to spend money.
One GST code should be able to do business all across the country. Second, no CGST, SGST, etc but it should be one tax. The division of tax by way of GST between the Centre and states should be taken care by the government.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.
