Relaxing certain GST provisions is the need of the hour

As the clock struck midnight on July 1, 2017, Parliament ushered in to adopt the biggest tax reform — the Goods and Services Tax (GST) regime. This huge task that involved replacing at least 17 state and federal levies was introduced with the intent of making the movement of goods cheaper. Corporate India was overjoyed by the prospect of one indirect tax regime compared to the central excise and m…