https://www.taxtmi.com/article/detailed?id=14753 GST after eight years combines a unified tax base, digital compliance and revenue gains with persistent operational and structural gaps: Input tax credit distortions, complex refund procedures, absence of functional appellate tribunals, parallel jurisdictional issues, frequent technical advisories, and multiple tax slabs. Reform emphasis is on rate rationalization, reassessing the compensation cess and state compensation mechanisms, expanding the tax net, strengthening anti-evasion measures, and improving administrative coordination, refund processing, ITC mechanics and adjudication to stabilize the regime. en-us Sat, 05 Jul 2025 08:52:32 +0530 Sat, 05 Jul 2025 08:52:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14753 GST after eight years combines a unified tax base, digital compliance and revenue gains with persistent operational and structural gaps: Input tax credit distortions, complex refund procedures, absence of functional appellate tribunals, parallel jurisdictional issues, frequent technical advisories, and multiple tax slabs. Reform emphasis is on rate rationalization, reassessing the compensation cess and state compensation mechanisms, expanding the tax net, strengthening anti-evasion measures, and improving administrative coordination, refund processing, ITC mechanics and adjudication to stabilize the regime. Articles Goods and Services Tax - GST Sat, 05 Jul 2025 08:52:32 +0530 https://www.taxtmi.com/article/detailed?id=14753