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Deepak HS, Proprietor, Pentagon Automation
2018-02-21
The challenges that we faced before GST was like inter-state transactions because there was no input credit that was available. We used to have confusion in some of the products whether we should charge Sales Tax or Service Tax or dual tax. As a retailer, we used to face challenges in terms of offsetting the input credit for Service Tax. So we always used to land up with an excess credit of Service Tax which we were not able to offset. Post GST, we have seen a lot of these anomalies have been addressed. One is inter-state purchases. Since it has become Goods and Services Tax, we have been able to set off credits whether it is goods or services.
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