Stabilise IT infrastructure, reduce multiple compliances for GST success: Experts

India should stabilise information technology infrastructure and consider reduction in multiple compliances under the Goods and Services Tax (GST) to ensure long-term successful implementation of the indirect tax regime, say several experts here.

Highlighting the now-abolished GST regime in Malaysia and the nearly 25-year-old continued implementation of the indirect tax in Singapore, they said India should now move towards further simplification of GST and timely issuance of clarifications considering the varied advance rulings.

Nirmal Singh, partner-GST at Nangia Andersen LLP, said policy makers have been engaged with stakeholders to iron out any impediment and are taking necessary steps to ensure smooth implementation and transition to GST.