FAST FORWARD APPROACH OF GOVERNMENT REGARDING IMPLICATIONS OF GST: AN EXAMPLE OF HOTEL INDUSTRY
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Abstract
GST is being propagated as a simplified version of the indirect taxation with reduced litigation, increased compliance requirements and with a friendly tax environment. But there are certain provisions which may lead to probable disputes and difficulties in compliances, which require timely clarifications to set the law to certainty. This article analyses the implications of GST on levy of tax on the hotel industry and the fast forward approach of Government to set the same as rest.
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The above article showed how the difference in rates between the two services could lead to dispute between the assessees and the revenue department. It is therefore, laudable that timely clarifications in this regard have been issued by the revenue department to avoid the unnecessary litigation and to streamline the GST regime, in tune towards ideal system of taxation in India.
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