“GST”, from my point of view.One of the complications of setting up & managing of businesses was the complex tax structure in India. For the information of the users, we had eighteen different kinds of taxes previously. But now, as we now having the one tax as GST having different slabs depending upon the type of commodity, this has simplified the whole tax regime.
I am saying so because I have been the part of a private organization which is now customized as per GST & is easy to understand the transactions now. But "yes", it was confusing initially as is the case with every new product for which we need some time to get adopted.
For taking one instance, for any commodity entering Mumbai, also had to pay the octroy duty before finally this has been delivered to the customer. This is other than the CST that required for any inter-state sales. Along with this the transporter had to pay the toll tax too. Now this all has been dumped & replaced with GST.
Don't you feel that this is a good initiative from the NDA government?