As initially, the implementation of GST in India made people’s lives scratchy, they begin to think that the new taxation regime was bombarded on them out of nowhere. And as squeaky as it sounds, it is also false. Of course, the GST regime has a background and it took years of thinking, strategizing and planning to comprehend the pros and cons of the process and ultimately launch the process all over the nation. The fact that the Goods and Services Tax Act wasn’t launched for a trial run, is true.
And the prime reason is that if it would have been launched for a trial purpose, it might have been abandoned by the people and backlashed so vigorously that the government could have become unable to launch it ever. Does it sound genuine? Well, even if it doesn’t, that would have been the case if the people would have known about the complexity of the new taxation regime.
Even though the GST was launched in India almost more than a year back, the system sensed the thrust of the people’s frustration on the process. Following that resistance, the government started taking meaningful initiatives to bring the lost trust and also harmony under control. The key changes in the taxation policy like the exemption of the small business, digitalization of the overall taxation process, were all done to ensure the public that a subtle effort is under progress which will post its completion, will further ensure the ease of the GST.
The processes made easy
Despite the fact that the GST registration process was easy with some plain documents requirements like PAN card and business details, the people started perceiving the GST return as troublesome and disproportionate. You must know that a registered person is supposed to file 37 returns in a financial year. And that too at different time frames. While a person with big bucks in the pocket might hire highly skilled employees to perform all the taxation related tasks on time, the small business owners remain clueless with broken shoulders.
After the introduction of GST in India, the businesses exempted from the GST regime like agriculture and other small businesses were enjoying relief but the means for the businesses still in the effect of GST to attain relief were less.
You must remember the initial phase of the GST implementation and the way people, instead of accepting, threw the proposition on the face of the council. Fortunately, the advent of the technology and the fact that GST was made to function fully on digital parameters, turned out to be of a great help for the taxpayers. And the people have finally found a sober solution to their taxation related problems.
Now, with the external services providing assistance and guidance, the gates of knowledge were opened and information started flooding in. If you are a registered taxpayer then even you would have also used the services, either to get information or to file GST return, once in a while, possibly knowing that it’s the easiest way to comply with the new taxation regime. After the implementation, some of the internal factors of GST like tax compliance and late penalty were, in one way or the other, threatening the people of the business loss and the unfavorable consequences of not complying with the taxation. To some extent, it was required and genuine too because the ways to make people join and support the vision that the government believes in are few.
India, being a diverse nation and a homeland to 1.3 billion of the population have started receiving the biggest support of the people. This eventual supportive move of the people to head closer towards the GST is worth praising. The Indian market, after surviving several holocausts, has now become mature, both in the terms of money as well as business. A person whose business is as stubborn as the person himself has understood the importance of the scrutiny boundaries that the GST is setting around the business world would help in the identification of the defaulters. In this way, these defaulters could either be improved or kept out of the bounds so that the honest section of the society could do the business with an ease.
The technology has become a mediator and is now playing a vital role in luring the taxpayers of the nation to adopt the Goods and Services Tax. Even though the initial options during the introduction of GST in India to adhere to the system were less, now the whole movement of the taxation in India is ready to welcome a bright future. Certainly, the people and the government both have started to walk on the same path that leads to tax evasion and conquering the dream of making the nation corruption-free.