ICAI Survey on GST Implementation in India
ICAI is conducting a Survey on GST Implementation in India, to figure out the opinion of the Taxpayers and other Stakeholders on the improvements introduced by the GST over the last 2 years vis-a-vis the glitches and areas of concerns which needs attention of the GST Council going forward.
It has been 2 years since implementation of most ambitious indirect taxation refoem, i.e. GST in India. After the initial hiccup, the Trade & Industry has started showing sign of stabilization. It is said that the GST has facilitated ease of doing business, reduced interaction with the Government Officials, improved ease of compliance, etc. In order to facilitate the Governing Body/ GST Council and other stakeholders, ICAI has decided to conduct a survey on the entire gamut of GST, to find out the achievement, glitches and area which needs attention going forward.
In view of the fact that the Chartered Accountants are actually involved in the implementation of the GST at the ground level, the ICAI has requested all the Members to participate in the Survey and to give their feedback to make the GST Mechanism robust, simple, fair and transparent. It may be noted that even Students and Others (Non-members) can also participate.
Further, ICAI has stated that feedback received from all concerned in respect of the Survey on GST Implementation in India would be published as research paper by 30th September, 2019 for the information of various stakeholders.
ICAI Survey on GST Implementation revolves around questions, like ease of doing business and exports, impact on multi-state organisations dealing in goods/ services, seamless flow of credit, ease of movement of goods, reduction of overall tax, reduction of tax evasion, impact on cascading effect of tax on tax, usefulness/ helpfulness of GST Portal/ GSTN Help Desk, saving in compliance time and visits to Tax Deptt, ease of remitting taxes, reduced costs and time frame for refund claims, reduced paperwork for filing returns, reduction in classification issues, etc.