Thread on Some Suggestions in #GST

1. Please provide some Standard Operating Procedure (SOP) for GST Registration and issue proper format of letters required in GST Registration i.e.Consent Letter

This will remove hardship faced by many tax payers
(1/8)
2. Please enable single GST Tax instead of IGST, CGST, SGST, Cess etc and currently there are too many different GST Rates (0, 0.1, 0.25, 0.5, 1, 1.5, 3, 5, 7.5, 12, 18, 28), so combines this GST Rates
(2/8)
3. Please provide same return frequency and make some changes in return filing dates too
Like Monthly GSTR 1 till 13th, then GSTR 2B on 14th, then GSTR 3B till 25th
So that work management become easy for professionals and tax payers
(3/8)
4. Please make some changes in Return filing process, currently tax payers able to reconcile invoices they have shown in their GSTR-1, but it is difficult to reconcile invoices for which ITC have been claimed by them in GSTR 3B
(4/8)
5. Please allow revision in GST Return, it will solve too many problems of matching and reconciliation.
Allow negative values in GSTR 3B so that tax payers can carry forward their negative liability to next GSTR 3B
(5/8)
6. Please remove some unnecessary data from GST Returns like HSN summary, Document Details etc
Many times it is difficult for small tax payers and professionals to give all this in small dealers selling multiple items like (Stationery Shop, Kirana Store, General Store)
(6/8)
7. Currently ITC is based on GSTR 2B
so for free flow of ITC timely filing of IFF and GSTR 1 is necessary
and due to this indirectly IFF become mandatory so please make some changes in this system
(7/8)
8. Enable GSTR 2 in system
Presently GSTR 2A and GSTR 2B available in system but both this forms are for view only so no where tax payer can calim ITC on their own, and due to this at the end reconciliation task become difficult for tax payers and professionals
(8/8)

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More from @CaSondagar

7 Jun
Update 1
Now Individual Tax Payer Can Login with Aadhar Number on Income Tax Portal
#NewPortal
#Incometax Image
Update 2
Website can be accessed in dark mode also
#NewPortal
#Incometax
chat.whatsapp.com/CLsJwvJbnDz21k… Image
Update 3
ITR Details like Assessment Year/Filing Type/Acknowledgment No/Filing Date/Filing Section
can be downloaded in excel sheet

#NewPortal
#Incometax
chat.whatsapp.com/CLsJwvJbnDz21k… Image
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