MASTER Thread on current PROBLEMS in GST ( law, procedure & Returns)
GST can be Good & Simple if Following problems r resolved . I am aware that There is no discussion, No representation, No hope abt these Problems getting solved
But Still I am making list
READ ALL 25 points
GST can be Good & Simple if Following problems r resolved . I am aware that There is no discussion, No representation, No hope abt these Problems getting solved
But Still I am making list
READ ALL 25 points
1. ITC restrictions in 36(4) and 16(2)(aa)
2. ITC Denial of utilizing u/r 86B
3. ITC reversal due to 180 days Non-payment
4. No ITC allowed for CG in Export refund
5. No ITC allowed for CG & Services in Inverted duty refund
2. ITC Denial of utilizing u/r 86B
3. ITC reversal due to 180 days Non-payment
4. No ITC allowed for CG in Export refund
5. No ITC allowed for CG & Services in Inverted duty refund
6. Whole return filling Mechanism
7. Non Effective GST Annual Return format
8. No CAP on Max. LATE FEES
9. No Amnesty for GSTR 9/9C
10. No relaxation on Sec. 16(4) regarding time limit
7. Non Effective GST Annual Return format
8. No CAP on Max. LATE FEES
9. No Amnesty for GSTR 9/9C
10. No relaxation on Sec. 16(4) regarding time limit
11. No Discussion on Petrol / Diesel inclusion in GST
12. No Discussion on Rate Neutralization
13. Not reducing High penalizing Interest rate 18/24%
14. No Negative liability allowed in 3B
15. Not Changing QRMP to QRQP
12. No Discussion on Rate Neutralization
13. Not reducing High penalizing Interest rate 18/24%
14. No Negative liability allowed in 3B
15. Not Changing QRMP to QRQP
16. No revocations of Cancelled dealers.
17. Significant delay in approving Registration
18. No online Appeals - No tribunals
19. No involvement of Professional Bodies or Industry Association in GST council decision making
20. Daily changes by Notifications, Circulars & PR
17. Significant delay in approving Registration
18. No online Appeals - No tribunals
19. No involvement of Professional Bodies or Industry Association in GST council decision making
20. Daily changes by Notifications, Circulars & PR
21. Wide power to officers under 21A & 86A for cancellations + suspension
22. Useless forms like GSTR 10 & ITC 4
23. Harassment to categorizing exporters into Risky exporters & not giving refunds
24. Harassment due to Minor errors in Eway Bill lead to major penalties
22. Useless forms like GSTR 10 & ITC 4
23. Harassment to categorizing exporters into Risky exporters & not giving refunds
24. Harassment due to Minor errors in Eway Bill lead to major penalties
25. Obsession with HSN DETAILS . Cumbersome for MSME
Portal Issues I have already covered 20 points in other posts so Not covering here.
you may see that at
You may add burning issues in GST law & policies in comments below
end of thread
Portal Issues I have already covered 20 points in other posts so Not covering here.
you may see that at
https://twitter.com/CA_HarshilSHETH/status/1408342961545306116?s=19
You may add burning issues in GST law & policies in comments below
end of thread
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