When the goods and services tax (GST) regime was introduced on July 1, 2017, a major apprehension was that the trade and industry was not well prepared. As it turns out, it is the government that is not well-prepared for implementing the indirect tax system. First, exporters had no clear guidelines on how they can send their goods abroad. The Central Board of Excise (CBEC) came out with one clarification after another till six weeks after the new laws came into effect. There are many issues relating to supplies to Special Economic Zones (SEZ) units and developers that have still ...