Companies are hoping govt gives them time to adjust to GST

L Badrinarayanan, Partner-Tax of law firm Lakshmikumaran & Sridharan India, said that while clients are bullish about the Goods and Services Tax (GST), there are concerns about being punished for any wrongdoing given the novelty and the huge volume of transactions. “The transaction numbers that could go up to 4 billion a month have been unheard of in this country. Companies are hoping tha…