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Goods and Services Tax

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

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"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 Live Mint on 22nd May, 2017.