What are Demerits or Disadvantages of Goods and services Tax (GST) in India

by Paras Mehra 14.6K

Introduction

Like every coin has two sides, so is with the GST. Apart from many advantages or benefits, GST also has a negative side which may also have the far-reaching impact on the economy and business. Here are some of the disadvantages that may arise under GST regime.

Maybe the government has failed t examine the consequence of including the free supplies under the tax net.

This is an endless topic, where we can criticise the GST law with n number of points. The industry associations, watchdogs and various other regulators have already provided their inputs to the government of India on the legal provisions meticulously. 
However, it is already a beginning of the new era. As said, it is better to have muddy roads then to have no roads at all. The GST will take the time to settle down and once settled it will provide fruits in a longer run.

Conclusion

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