Does the Government plan to remove all Exemptions and Concessional Rates in GST? This has been the talk of the town since the CBIC Chief gave the statement that, "GST exemptions disrupt input tax credit chain, will complex GST"

Exemptions or lower rate of taxation sought by industry on some items breaks the input tax credit (ITC) chain, leading to complexity in the goods and services tax (GST) structure, Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Agarwal said on Wednesday.

Agarwal also said that indirect tax authorities would soon start sending intimation to businesses that do not comply with rules on e-invoicing, a mandatory requirement for availing of input tax credit (ITC).