'The Interpretation and the Awareness Issue from the SSE had Created a Lot of Confusion' says Sethurathnam Ravi
Former BSE Chairman - Sethurathnam Ravi According to Sethurathnam Ravi BSE , when the GST was introduced 5 years ago there were a lot of misgivings about how the centre and state governments will work together regarding the tax collection and how the distribution will work. In Sethurathnam Ravi’s opinion, compounded with this issue was the platform issue. At the time of the introduction of the GST, there was also the interpretation and the awareness issue from the SSE and it had also created a lot of confusion in that, he says. Sethurathnam Ravi also explains the other obstacles that were on the road of GST until its successful acceptance. He says that the way was not easy for GST to get accepted by the people, but surely it was progressive and has finally seen the outcome. In his own words, “There were also issues of input credit, whether it is to be set up against liabilities. Then there were clarifications on that also, and there where issues on various rates that where there. So, ...