https://www.taxtmi.com/article/detailed?id=8528 The GST regime needs substantive reform: expand GST ambit to include petroleum, electricity, real estate and possibly alcoholic liquor; rationalize rates; simplify compliance; and provide a cooling period for filings while GSTN redesigns its IT platform. Authorities should consider extending annual return deadlines and implementing other procedural rationalizations. Recent judicial rulings on interest and arrest powers, and enhanced interagency information sharing, underscore the need for clearer rules and an administrable, taxpayer friendly GST framework. en-us Wed, 05 Jun 2019 06:02:18 +0530 Wed, 05 Jun 2019 06:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8528 The GST regime needs substantive reform: expand GST ambit to include petroleum, electricity, real estate and possibly alcoholic liquor; rationalize rates; simplify compliance; and provide a cooling period for filings while GSTN redesigns its IT platform. Authorities should consider extending annual return deadlines and implementing other procedural rationalizations. Recent judicial rulings on interest and arrest powers, and enhanced interagency information sharing, underscore the need for clearer rules and an administrable, taxpayer friendly GST framework. Articles Goods and Services Tax - GST Wed, 05 Jun 2019 06:02:18 +0530 https://www.taxtmi.com/article/detailed?id=8528