https://www.taxtmi.com/article/detailed?id=7937 The Goods and Services Tax (GST) introduced a dual federal levy and a multi-slab rate architecture with zero-rating, composition schemes, fixed levies for select sectors, and reverse charge provisions, together with multiple return, invoice-matching and reconciliation obligations. These design choices, high applicability thresholds, and sectoral exclusions increase classification burdens, compliance costs and refund delays, while policy adjustments and administrative reforms are expected to simplify compliance and realise GST's longer-term efficiency and revenue objectives. en-us Tue, 27 Mar 2018 08:58:02 +0530 Tue, 27 Mar 2018 08:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7937 The Goods and Services Tax (GST) introduced a dual federal levy and a multi-slab rate architecture with zero-rating, composition schemes, fixed levies for select sectors, and reverse charge provisions, together with multiple return, invoice-matching and reconciliation obligations. These design choices, high applicability thresholds, and sectoral exclusions increase classification burdens, compliance costs and refund delays, while policy adjustments and administrative reforms are expected to simplify compliance and realise GST's longer-term efficiency and revenue objectives. Articles Goods and Services Tax - GST Tue, 27 Mar 2018 08:58:02 +0530 https://www.taxtmi.com/article/detailed?id=7937