GST

It is a welcome move by Government of India to show its commitment to implement GST as soonest possible time. However it is depressing to see some ongoing news that a business will have to file multiple forms in compliance of GST. Even revision of GST return is not permitted. May we remind the Government for a better tax administration and better tax compliance by tax payers, a simple and transparent taxation system is required. If we expect success of GST in India and to achieve desired result from this new age taxation system Government must be very pragmatic in rolling out its various procedures.

We suggest only a single form be in place. Like entering accounting voucher we must feed all purchases and all sales in like a register and software/server of Government should reconcile each transaction by unique ID and Unique Invoice number. This should be web based and it should permit subsequent revision if any error is found later on. Human being is always prone to mistakes and we cannot penalize them for the human error.

Indian Business Party urge upon our legislatures at Centre to prescribe easy systems for discharging a tax payers obligations.

V K Bansal

Founding Convener

vkb@indianbusinessparty.org