https://www.taxtmi.com/article/detailed?id=9850 Four years in, GST shows structural and operational flaws: the GST Council needs greater transparency and procedural reform; the system functions practically as compartmental CGST/IGST/SGST rather than a single tax; the Compensation Cess based on an unrealistic growth assumption is unsustainable; GSTN and return architecture are taxpayer-unfriendly; and Input Tax Credit rules are overly restrictive and litigation-prone, all calling for rationalisation of slabs, credit rules, compliance burden reduction, and improved administrative trust and governance. en-us Fri, 18 Jun 2021 10:09:39 +0530 Fri, 18 Jun 2021 10:09:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9850 Four years in, GST shows structural and operational flaws: the GST Council needs greater transparency and procedural reform; the system functions practically as compartmental CGST/IGST/SGST rather than a single tax; the Compensation Cess based on an unrealistic growth assumption is unsustainable; GSTN and return architecture are taxpayer-unfriendly; and Input Tax Credit rules are overly restrictive and litigation-prone, all calling for rationalisation of slabs, credit rules, compliance burden reduction, and improved administrative trust and governance. Articles Goods and Services Tax - GST Fri, 18 Jun 2021 10:09:39 +0530 https://www.taxtmi.com/article/detailed?id=9850