Since its implementation on July 01, 2017, the Goods and Services Tax (GST) regime continues to evolve on various fronts by way of rationalisation of tax rates, availability of exemptions, procedural amendments, etc. While the Government has been relentless in its efforts to iron out every crease, bottlenecks continue to persist. With the benefit of hindsight, here is a critical look at some of the significant triumphs and misses on completion of its first anniversary.
Senior Associate in the Tax Practice at the Delhi office of Cyril Amarchand Mangaldas. Shiladitya specialises in Indirect Taxation advisory and litigation, and actively advices the industry on Goods and Services Tax, Customs and Foreign Trade Policy aspects. He can be reached at email@example.com