GST - Goods and Service Tax [or Good and Simple Tax as Mr. Modi Just Defined], Finally a dream turned into reality. A Dream that every honest accountant saw, every honest tax officer saw, every patriotic politician saw ................... Corruption Free India, Assessee Friendly Tax System. Eight Years Ago, I told my team, Tax will change one day, the whole process will change. That day has come today. But, This is not destination, This is a journey that has just begun. Lots of changes will happen in Act and Rules, Almost 15 Years Back when VAT was introduced, People were confused at beginning, but when found, No more ST-1, ST-35, ST-35/1, ST-49 Required, But they could directly avail Input Tax Credit, their happiness was immense. Same feeling People will reflect soon, when they will realize Now they need not to worry about C/F/E-1/E-2/H Forms, They need not to wander from one dept to another dept. I do not say, GST is Perfect, But good thing is now atleast, We have a tax team lead by Revenue Secretary Mr. Hasmukh Adhia, Who is approachable and do needful to fix the things. So, We hope things will get better and India will Progress.
At last Congratulations to all professional friends, lets grow together, make people aware about reforms and advantages of new tax system. Thanks.
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