Goods and Services Tax

Transition rules: A crucial piece of GST puzzle is still missing

"One reason why the government may have refrained from giving out final transition rules now could be to protect the consumer because de-stocking or hoarding may happen depending on whether a particular good gets transitory benefits or not. However, a timely clarity on transition would give the industry time to plan purchases."

Suresh Rohira
Partner, Grant Thornton India LLP

This article appeared in Mint on 22nd May, 2017.