GST Rebooted (Episode 1) | simply inTAXicating Although the GST Council has done its best to address the grievances of the taxpayers by easing the compliance burden and making it simpler for the consumers to know the tax liability but experts believe that it was not right to deny ITC to the restaurant sector as it violates the spirit of GST. Secondly, whether the present cut in the tax rates is final or the Govt may rejig them if the revenue kitty takes a serious hit. Thirdly, experts also feel that the Govt should share the revenue implications of the recent decisions with the Nation. The four domain experts who were invited by the TIOL TUBE are - Mr Pratik Jain, National Leader, PwC; Mr T R Rustagi, former Chief Commissioner of Central Excise and Customs; Mr R Sridhar, Vice-President of Hindustan Coca Cola Beverages and Mr N Mathivanan, Pr Partner from Lakshmikumaran and Sridharan. The show was anchored by the TIOL Founder Editor, Mr Shailendra Kumar.