India completes four years of GST implementation today. On the occassion the Confederation of All India Traders (CAIT) has said that much against the declared spirit of GST as Good & Simple Tax, the GST has become a “colonial taxation system” not compatible with the ground realities of busi ness conducted in India and available resources with the traders.
Various amendments and introduction of Rules under GST in the recent past have made the taxa tions system much compli cated and put much compliance burden on the traders, which is also against the vision of Prime Minister Narendra Modi for bringing ease of doing business.
The CAIT has sought an appointment with the Finance Minister Smt. Nirmala Sithraman to discuss current situa tion of GST and as to how it can be made more busi ness friendly.
It is not alone the Central Government but largely the State Governments are more responsible for distorting GST taxation system and bringing disparities and anomalies in GST making it a more complex system and a big headache for the traders-said BC Bhartia and Khandelwal.