Analysis of Proposed Amendments in GST in Budget 2021

Budget 2021 is hailed as a very development-oriented budget which aims for creating and augmenting social infrastructure. However Indirect Tax proposals indicate the intent of the government to tighten the compliance mechanism and increase the scope of GST through various retrospective amendments. Industry needs to be extra cautious while preparing their returns and even basic documents like Invoices, E-way Bill etc. GST which was earlier presented by the government and tax professionals alike as Good and Simple Tax has not remained so simple. Read more...