Transitional Provision: A Light On Hit-And-Run Mechanism Under The GST Law

Indirect Tax regime witnessed a paradigm shift with the  Goods and Services Tax Act, 2017  (hereinafter referred to as the 'GST Act' in short) coming into force w.e.f 01st July, 2017. What is officially known as the Constitution (One Hundred and First Amendment) Act, 2016, the GST Act, conferred concurrent taxing power on the Union as well as the State Government including Union Territor…