The government will make three important changes in the rules for traders in Goods and Services Tax (GST). These rules are being introduced to increase transparency, ie to prevent GST evasion or fraud. (GST Update)

This can exacerbate the problem for professionals.

Although the opinion of experts is mixed. First of all, let's look at three important changes that are taking place in the new year.

The first important change is that from January, GST officials can reach any commercial establishment for tax collection without any prior notice. A new change is taking place in which Aadhar card has been made mandatory for asking for refund.

The third change is that 100% invoice matching has been made mandatory for input tax credit. That is, seller and buyer receipts must be matched for the amount of credit claimed. Input tax credit is a tax paid by a manufacturer on raw materials, which is refundable.

Chartered Accountant (CA) Ankit Gupta says there is not enough infrastructure for GST. GST officers used to have powers, but now more powers are being given. Obviously, this will increase the trouble for the professionals.

In particular, on the rules for refund of input tax credits paid on raw materials and other services, he said, the problems of small businesses are increasing.

It states that if a seller fails to provide 100% details of the invoice in his monthly sales return, the buyer will not receive a credit for the input tax paid on the item.

The problem is that if the seller makes a mistake, the buyer has to bear the brunt of it. Chartered Accountant (CA) Ram Akshay says that giving more powers, especially to the tax authorities, will only aggravate the problems of professionals.

Tax authorities can search and seize at any time. The most important thing is that the traders were easily released after the vehicles were confiscated. It will not happen now. Now everything is being connected to the IT based system, so if all the paperwork is not verified then the professional will have a problem.

He said that in case of input tax credit, the credit would be available only if the invoices of the seller and the buyer were 100% matched. If the dealer does something wrong, the buyer has to bear the brunt.

Many experts also say that the advantage of this system is that gradually the entire system will be IT-based, which will make the process of filing GST returns even easier.