Unlock 1.0 may bring forth new GST challenges

Businesses will need guidelines to deal with possible GST levy on failure to fulfil contracts, and cancellation or return of piled-up inventory With Unlock 1.0, the nationwide Covid-19 lockdown is being relaxed in many States. The focus is on returning to normalcy for economic activities. Every business will face tremendous challenges as the nation begins the path to recovery, while still facing t…