https://www.taxtmi.com/article/detailed?id=9894 The Goods and Services Tax consolidated multiple central and state levies into a unified indirect tax framework, expanding the taxpayer base and improving revenue stability through data-driven enforcement and technological tools like e-invoicing and QRMP, while pandemic reliefs eased compliance burdens for vulnerable taxpayers. Operational shortcomings persist: multiple rate slabs, frequent notifications, complex valuation and credit rules, multiplicity of returns and technical failures in the GSTN have raised compliance costs and triggered substantial litigation and advance-ruling disputes. Priority reforms include simplifying rates and returns, enhancing GSTN capacity, and resolving credit, refund and governance issues. en-us Fri, 09 Jul 2021 09:36:18 +0530 Fri, 09 Jul 2021 09:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9894 The Goods and Services Tax consolidated multiple central and state levies into a unified indirect tax framework, expanding the taxpayer base and improving revenue stability through data-driven enforcement and technological tools like e-invoicing and QRMP, while pandemic reliefs eased compliance burdens for vulnerable taxpayers. Operational shortcomings persist: multiple rate slabs, frequent notifications, complex valuation and credit rules, multiplicity of returns and technical failures in the GSTN have raised compliance costs and triggered substantial litigation and advance-ruling disputes. Priority reforms include simplifying rates and returns, enhancing GSTN capacity, and resolving credit, refund and governance issues. Articles Goods and Services Tax - GST Fri, 09 Jul 2021 09:36:18 +0530 https://www.taxtmi.com/article/detailed?id=9894