GST impact on Businessman: Reasons that Making Businessmen Fearful

GST Impact on Businessman Traders

Goods and Services Tax has been effective since July 1 that will lead to GST impact on businessman and traders. There are many such provisions which are making businessmen fearful of this tax regime. Traders are also fearful that GST may lead to the infamous ‘Inspector Raj’ in the country.

In the GST law, there is a provision of arresting the businessman due to unlawful profits and tax inconsistency, it is being believed that due to this, the employees of the tax department will get special rights to inspect, raid and seizure on the business premises. Read More