GST - A tax reform, if not properly implemented, might lead to increased litigation - CBEC Commissioner
WHILE addressing a Seminar on "GST Implications- Industry Perspective: Gearing up for the change" organized by the Confederation of Indian Industry (CII) in New Delhi, Mr Sanjiv Srivastava, Commissioner, Central Excise, CBEC, said;
While the ultimate consumer is actually paying the tax under GST, industry is a part of the tax collection mechanism. To give way to a smooth and perfect GST, every link in the value chain and the supply chain has to work seamlessly, without any distortion.
A tax reform, if not properly implemented, might lead to increased litigation. Moreover, every sector of industry has different challenges and issues regarding the new regime. Making an amendment in the GST Law in India would be a difficult task since changes would be required in all State laws as well as the Central law. The Government is therefore targeting a unique tax system, which would take care of such issues without any detriment to revenue or to the industry.