GST implementation is not easy, Will it succeed?

India is still to see its share of development around implementation of GST, one should be wary of lessons learnt in countries that have implemented a similar tax regime. As GST is a tax on transactions, which for most business organisations is voluminous, the processes and changes required for GST compliance need to be automated and encapsulated in the IT system.

It is learnt that many big businesses have either failed or struggled to achieve IT transformation for having not planned or started early. It would be a mistake to assume that IT software with GST capability from other countries may be adopted wholesale in India, due to peculiarities embedded in the proposed Indian dual GST model. The model is very crucial for Modi Government.