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Is GST a failure?

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Is GST a failure?
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  1. People have different opinions about the since it came into force and they have their own set of reasons to believe the same.
    The areas of improvement in the GST can be:
    1. Technological processes: The compliance process designed for the businesses turned out to be more complicated than was previously anticipated. This led to an overhaul of the technological processes, with new forms being drafted to aid the businesses to ensure compliance.
    2. Registration required in all states(UT): A major pain point with the businesses has been that registration is required separately in all states. This was a major dampener for the industry, who had been promised that the GST regime would ensure simplicity in filing of taxes and getting the returns credited.
    3. New cesses: While the GST itself subsumed 17 taxes within its indirect taxation system, several new cesses were introduced as the system unfolded. This includes the compensation cess for the luxury and sin goods, which was later also expanded to include sale of automobiles.
    4. Exporters facing refunds problems: Exporters have seen working capital requirements rise, post implementation of GST, owing to the exports’ refund mechanism which includes the data matching law and their procedures.

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