Thread by @CA_HarshilSHETH

MEGA THREAD ON 30 BURNING GST ISSUES & SUGGESTIONS thereof

This detailed Presentation on 30 burning issues in GST Law, Procedures, Returns are hard work of Last 4 year. All GST law related issues (which we all have faced) have been compiled in this Thread. Also attached Link

You can check whole PDF in this link drive.google.com/file/d/1bM69fs…

or U can check 30 points below in Thread below

Lets get started

PART- 1 -Regarding Seamless ITC

1. REMOVE ITC restrictions of rule 36(4) and proposed Sec. 16(2)(aa)
2. Remove rule for Denial of utilizing ITC u/r 86B
3. Remove Provision ITC reversal due to 180 days Non-payment u/s 16(2)

4. Allow ITC of Capital Goods in Export refund
5. Allow ITC of Capital Goods & Services in Inverted duty refund
6. Relaxation on Sec. 16(4) regarding time limit & GST Amnesty
7. Remove Input tax restrictions on distribution of free samples:

8. Allow CGST credit to set of SGST liability & vice-versa
9. ITC Of factory or busi. car - sec. 17(5)
10. Remove 16(2)(c) condition - Eligibility for ITC depending on Actual payment

PART-2-Regarding Late fees

11. REMOVE LATE FEES OF GSTR 1
12. Remove late fees GSTR 9 & 9C

13. REFUND LATE FEES collected till APR-21 above Rs.500
14. Reduced late fees for all future returns

PART-3-Regarding Returns/forms - its design

15. Modify GSTR 3B portal interface so that Negative liability allowed in GSTR 3B
16. GSTR 3B design for previous year transactions

17. Overhauling complete return filling module - Allow to upload All Inward Supply Transactions - in Self Declared Manner- Also Revision of returns

18. Make Effective GSTR 9
19. Modify of Format of GSTR 9 (20-21) to give effect of transactions of previous year
20. Remove Useless forms like GSTR 10 & ITC 4

PART-4-Regarding other provisions & procedures

21. CATEGARIZATION OF EXEMPT INCOME
22. Rate Neutralization

23. Forming Appellate Tribunal
24. Stop Harassment by categorizing exporters into Risky exporters & not giving refund
25. Changing QRMP to QRQP to make quarterly scheme successful
26. Inclusion on Petrol / Diesel inclusion in GST
27. Reducing High penal Interest rate 18/24%

28. Stop giving Wide power to officers under RULE 21 & 86A for cancellations / suspension & block ITC
29. Harassment due to Minor errors in Eway Bill leads to major penalties

30 . Speed & smoothen up Approving New Registrations - Make clear SOP - Reduce delay in approving Registration & Irrelevant documents & delaying approval

At last journey of ITC

from seamless to seamless

I have been Updating, Editing, adding points through last 4 years and this is Final Form of My presentation covering every corner from Return filling, Law provisions, Refund issues, registration issues, And Most Important ITC restrictions issues.

Many would wonder why GSTN Portal issues are not mentioned. For 20 Portal issues , I have already posted in June-2021 . You can check That on This link

end of thread