GST UPDATE

Desk of CA. Praveen Sharma

Series- 404

What’s your Budget Wishlist, Part 2

1- Edtech players seek a reduction in GST, and recognition as a mainstream mode of education. Edtech is an important part of the education sector. As books are not taxable, online education content should also be made free to democratize education and increase reach for affordability.

2- A one-time GST Amnesty Scheme is the need of the hour to assist bona fide taxpayers, who may have committed inadvertent errors during the initial phase of GST like the Sabka Vishwas Scheme’.

3- Even after five years of GST, the Goods and Service Tax Appellate Tribunal (GSTAT) is yet to see the light of day. In the absence of GSTAT, taxpayers are compelled to approach High Courts causing further pressure on an already overburdened justice system and leading to delays in the administration of justice to genuine taxpayers.

4- The online gaming sector, which has witnessed significant growth in the past few years, expects favorable moves, especially in terms of taxation in the upcoming budget.

Regards

CA. Praveen Sharma

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