GST 100-day report card: Taking stock of the rollout

Haseeb Drabu

FM, J&K | GoI

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It has been 100 days since the rollout of the landmark goods and services tax (GST)--- India Inc is making the transition to the new indirect tax landscape-- there have been many tweaks by the GST council on tax rates and to ease the compliance burden on small business-- the government says more will follow.

Only 73 percent have complied with return filing for July-- the initial deadline to file returns for July was the 10th of august--- this was extended by 2 months to the 10th of October-- but even then, we have just 73 percent compliance so far.

In Maharashtra, which accounts for 13 percent of the total registered assesses, nearly 79 percent have filed their returns for July.

The government is standing firm-- the clear message to people is to file their GST returns for July by midnight tonight and that there will be no extension this time.

Revenue Secretary Hasmukh Adhia has written to GST commissioners in 21 states asking them to conduct survey among those who haven't filed their returns to find out what's hampering the process.

Taking stock of all the compliance issues and how the rollout has been so far, CNBC-TV18 speaks to an esteemed panel of the GST Council members from four crucial states-- Haseeb Drabu of Jammu and Kashmir, Thomas Isaac of Kerala, Sudhir Mungantiwar of Maharashtra and Mauvin Godinho of Goa.