New Delhi: The implementation of GST in the country has been more than two years. But still many sectors are facing this problem. Reacting to the concern raised by taxation professionals in Pune about GST, Finance Minister Nirmala Sitharaman said that there may be some flaws in the current form (GST). But, suggestions should be given to improve it. He said that the industry is questioning the government on how to implement GST. GST is being called the biggest indirect tax reform. It was implemented in July 2017.
Answering one the question, the Finance Minister said that GST has been passed by Parliament and all the state legislatures and now it has become law, so do not criticize it. The Finance Minister said several parties and state legislatures worked together in Parliament and brought this law. She said, 'You are talking this based on your experience, but suddenly we cannot say how bad it is.
The meeting was attended by industry people, chartered accountants, company secretaries and other financial sector stakeholders along with Sitharaman. He said that it has been only two years since the implementation of GST. I wish that it should have been easy and satisfying from the beginning. The central government views GST as the biggest tax reform.
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