System is master – not human being :
In GST, system is master. Law will be what system decides.
There is not likely to be much human touch in many aspects of GST.
This is particularly in case of input tax credit where human will be helpless against system. Examples – mismatches, adjustment of payments on FIFO basis
Huge amount of data uploading and date crunching required
If system fails, whole mechanism of input tax credit fails.
Huge amount of data uploading and data crunching is required. If system fails, whole mechanism of input tax credit and adjustment of taxes fails.
Many taxable persons do not have capability to deal with the IT challenges under GST. Even infrastructure required for compliance is insufficient outside major cities and towns.