1.Revenues rising despite rate cuts
* GST Council arrangement has worked well
*Most decisions have been unanimous
*Centre has taken the states along in ironing out issues
*Council has proactively addressed issues as they arose
3.Gains beginning to show up
*Logistics costs down as cargo moving faster across state borders
*Indirect tax compliance costs have fallen
*Paying taxes has become easier with a single tax
*Companies starting to plan without worrying about state boundaries
*Electricity
*Alcohol
*Petroleum products
5.Reduce the number of rate slabs
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*Filing system remains cumbersome
*Online filing of receipts and aggregation by system should help
*Solve issues over administration of GST
7.Measures to lift revenues
*Steps needed to curb evasion
*Invoice-to-invoice matching and reversing charge
*Reach out to non filers
THE LONG WINDING ROAD
A) Frequent changes
* GST Council has met 35 times since inception
* Many changes in two years
* Multiple revisions in rules
B) Cumbersome compliance
* Return filing remains challenging
* Vendor reconciliation is another headache
* Multiple registration for service providers
* Jurisdiction divided between states and Centre
C) Export refunds and input tax credit
* Exporters still struggling with refunds
* Input tax credit remains a niggle in many cases
D) To profit or not
* No clear guidelines on anti-profiteering
*Complaints not restricted to affected consumers
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