https://www.taxtmi.com/article/detailed?id=12767 GST has stabilised with rising collections and a growing taxpayer base, yet reform imperatives remain - notably extending GST to petroleum, rationalising rates and slabs, simplifying compliance, and addressing enforcement issues including input tax credit distortions and frauds. The recent GST Council meeting spawned clarificatory circulars on taxability, place and time of supply. The transition to new criminal statutes affects GST enforcement provisions on offences, prosecution, search and arrest, and administrative challenges include high litigation, divergent rulings, and gaps in appellate mechanisms. en-us Thu, 04 Jul 2024 15:22:40 +0530 Thu, 04 Jul 2024 15:22:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12767 GST has stabilised with rising collections and a growing taxpayer base, yet reform imperatives remain - notably extending GST to petroleum, rationalising rates and slabs, simplifying compliance, and addressing enforcement issues including input tax credit distortions and frauds. The recent GST Council meeting spawned clarificatory circulars on taxability, place and time of supply. The transition to new criminal statutes affects GST enforcement provisions on offences, prosecution, search and arrest, and administrative challenges include high litigation, divergent rulings, and gaps in appellate mechanisms. Articles Goods and Services Tax - GST Thu, 04 Jul 2024 15:22:40 +0530 https://www.taxtmi.com/article/detailed?id=12767