Industry Bodies to Point Out GST Compliance Issues with Government


Industry bodies are set to point out several issues with the central government over Goods and Services Tax (GST) items, compliances, laws and administration before 1st July, which marks the fourth anniversary of the indirect tax reform.

Industry bodies will highlight the recommendations related to Simplifying input tax credit procedures, issues arising from inverted duty structure, exploring faceless assessment within the GST structure, introducing process of rectification of returns and improvement in the GST Network system.

Issues such as blocking of input tax credit of buyers or action by GST authorities due to supplier default or non-compliance and parallel investigation proceedings by state as well as central GST authorities despite assessee being under one of the jurisdictions are among other critical ones that will be highlighted.


Knowledge Source:

E-Way Bill Generation Back on Track After Sharp Decline in May

Leave a Reply

Your email address will not be published. Required fields are marked *