Business Today - - COVER STORY | GST -

Fur­ther ra­tio­nal­i­sa­tion of taxes:

The list of goods and ser­vices in the 28% tax bracket needs to be pruned. The 12% and 18% rate cat­e­gories need to be con­verged into one. Cesses needs to be re­moved

Ex­pan­sion of the GST hori­zon:

Some goods and ser­vices have to be brought into the GST am­bit, like petroleum prod­ucts, elec­tric­ity and prop­erty

Sim­pli­fi­ca­tion of re­turn fil­ing:

The fi­nal re­turn fil­ing mech­a­nism is still one year away. The gov­ern­ment has now dropped a hint that they may go for an­nual re­turns in­stead of monthly fil­ings

Fine tun­ing of GSTN:

The GSTN must now shift its fo­cus on im­prov­ing user in­ter­face, im­prov­ing of er­ror mes­sages and de­vis­ing tools and method­olo­gies to help tax au­thor­i­ties im­prove tax com­pli­ance

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