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Expert Speak Back

GST: A change for the better

16-Oct-2017

GST transition in the initial months of roll out has been smoother than expected from the government's perspective, with no significant protests in the industry,barring textiles, which was completely outside the tax purview in the pre-GST era.
The real issues surfaced during the August filing, largely with respect to the infrastructure and technology of the GST-filing portal GSTN. With last-minute law modifications and finalization continuing until 30 June, GSTN was never seamlessly tested and will take time to stabilize. Against this backdrop, the government had to extend the deadline for filing of August returns to October.
Of ~6.5m businesses that were expected to file returns for July, only ~4.5m have actually done the filing, indicating a low level of compliance.

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