As a result of the 47th meeting of the Goods and Services Tax Council concluded on June 29, a series of notifications and clarificatory circulars have been issued.
Against this background, Gopal Krishna Mundhra, Partner and Ankita Vashistha, Senior Associate at Economic Laws Practice (ELP) have co-authored an article titled ‘Flurry of GST Circulars: Understanding the Changes’, published by BQ Prime. In their article, Gopal and Anita talk about how the recommendations have received a mixed response. They further threw light on burdensome compliances for which taxpayers have to prepare for. The article also delved into constructive proposals and reforms that would aid in streamlining the procedural lapses.
Read the article here: https://bit.ly/3nSCg2f