How is the Congress party advocating for a less punitive version of GST 2.0
Congress emphasizes the need for a simplified and less punitive GST 2.0.
- Congress party advocates for a less punitive version of GST 2.0 by focusing on simplifying the tax structure.
- They propose to reduce the compliance burden on small and medium businesses by rationalizing tax slabs and reducing the number of tax rates.
- Congress emphasizes the need to address the issues related to input tax credit, invoice matching, and return filing to make the GST system more efficient.
- They suggest revisiting the threshold limits for GST registration to provide relief to small businesses.
- Congress also calls for better coordination between the central and state governments to streamline the implementation of GST and avoid confusion for taxpayers.
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2 months ago