Disadvantages of GST

Disadvantages:

Ø  Increased costs due to software purchase.

Ø  GST will mean an increase in operational costs.

Ø  GST is an online taxation system.

Ø  SMEs will have a higher tax burden.

Ø  Compliance Under GST is High.

Ø  Challenging for small taxpayers.

Ø  Increased Cost for Businesses.

Ø  Complex Structured in GST Rate.

Ref:
1. Balachandran V - Indirect Taxes
2. ICAI - Indirect Taxes
3. ICSI - Indirect Taxes
4. ICMAI - Indirect Taxes

5. LPU - Indirect Taxes
6. ClearTax.Com
7. Taxmann.Com
8. TaxGuru.Com
9. Quora.Com