R.S. Sanghai & Associates Director Indirect Taxation Interview Questions and Answers

Drawbacks of GST include complexity, increased compliance burden, and potential for tax evasion.

• Complexity in understanding and implementing GST laws and regulations

• Increased compliance burden for businesses due to multiple filings and documentation requirements

• Potential for tax evasion through fraudulent input tax credit claims

• Impact on small businesses due to higher compliance costs

• Difficulty in determining the corre

Exempt supply refers to goods or services that are not subject to tax.

• Exempt supplies do not attract any tax liability.

• These supplies are specifically listed in the tax laws as exempt.

• Examples include certain food items, healthcare services, and educational services.

Observations identified in DDR report for litigations handled

• DDR report identified multiple instances of non-compliance with tax laws

• Some litigations were due to incorrect interpretation of tax laws

• DDR report recommended implementation of better tax compliance processes

• Litigations related to transfer pricing were also identified in the DDR report