Promise: Ease of Doing Business
Reality: Late Fees, Interest & Penalty
Promise: Seamless ITC Credit
Reality: S.16(4), R.36(4), R.86A, R.86B, GSTR-2A & GSTR-2B
Promise: 14% GST Revenue Growth to States
Reality: Loan from Banks
Promise: Reduction of Compliances
Reality: Time Reduced for Filing Return & Levying Penalty U/s 234F
Promise: 2 Crores Jobs pa
Reality: Unemployment & Salary cuts
Promise: Lesser Compliances & Peace of Mind
Reality: Arbitrary Extension of Due Dates & Extreme Pressure even on Holidays
Promise: Reduced Litigations in GST
Reality: "Sunami" of Litigations
Promise: GST Amnesty
Reality: Notices U/s 16(4)
Promise: Simplification of GST
Reality: Unnecessary Procedures in GST. Even after 3.5 years they are yet to finalize Returns
Promise: Digital India
Reality: 👇
Promise: LLP to reduce compliance
Reality: Unlimited Late Fees without cap

More from India

You May Also Like