The Financial Express – GST: End hibernation on dispute resolution
By Mukesh Butani & Tarun Jain The adage “old is gold” is not necessarily true, and has exceptions. The same applies to the pre-GST indirect tax landscape of India. The long-queues of trucks at state-borders (with entry upon...
GST Compensation Conundrum: Between a rock and a hard place
The debate on Goods and Services Tax compensation for states, earlier discussed in hushed tones, has now assumed centerstage. It was expected that current economic strain would impact GST collections and in turn take a toll on...
GST: A year of learning and attainment
Two key issues that will engage the attention of policymakers are the tax rates and the dispute settlement mechanism It’s been a year since the goods and services tax (GST) came into force, though, the nation surely has come a...
Reimagining GST for the post-COVID era
There appears to be a common wish list for all stakeholders in the new economic paradigm—that the Goods and Services Tax (GST) Council reverse its role; from making recommendations on how to tax to transforming itself into an...
Move petroleum to GST: The time is now
The health crisis is a moment of reckoning and an opportune time to revisit GST policy-design The 2016 game-changing constitutional amendment to facilitate introduction of GST was described as a “grand-bargain”. The states agreed...
GST On Directors’ Remuneration: A Quandary?
A recent ruling of the Rajasthan GST Authority for Advance Ruling in relation to goods and service tax liability on remuneration to company directors has come up for debate. The reasoning in this ruling lays down a legal...