Crazywithmath
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- Mar 3, 2021
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And this is a problem.small businesses don't file GST returns anyways.
Arbitrary changes increase compliance costs and I am not even getting started with the inverted duty structures and the (at least temporary) lack of high yoy growth promised to the states and the resulting disputes.MSME and above will have IT solutions to handle GST documentation. from a company perspective, all ERP softwares are equipped to handle tax. tax rates are fed along with the material master, software takes care of rest of the process.
Not denying that. GST is definitely better than the previous VAT systems.just that sales tax and VAT calculations have been replaced with something else.