GST law: much still needs to be clarified

The first year of GST was besieged with so many technical issues that no one had the time to analyse the content of the GST laws. As we enter the second year of GST, the technical issues have been minimised but not completely eliminated. Since the process of GST audits and assessments are yet to be formalised, taxpayers have raised many issues before the Authority for Advance Rulings (AAR) seeking…