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GST COMPLICATIONS HAVE FRACTURED GST

GST COMPLICATIONS HAVE FRACTURED GST

Having an eye on the forthcoming meeting of GST Council on 6th October, the Confederation of All India Traders (CAIT) today stressed the immediate need of removal of anomalies, disparities and contradictions of GST. On the other hand, the CAIT has also called for smooth functioning of GSTN portal to provide ease of complying GST provisions for the traders.

“The GST has been deeply fractured owing to lethargic attitude of GSTN portal and absence of any nodal authority to monitor execution of GST in the Country”. It has become like a football which is kicked in any manner making traders to run from pillar to post to catch-said CAIT.

CAIT National President Mr. B.C.Bhartia and Secretary General Mr.Praveen Khandelwal hoped that GST Council will not have routine type meeting but will have serious deliberations on the issues raised by the traders considering the situation of chaos & confusion being prevailed among the trading community. Needless to mention that it is a revolt like situation as traders have become totally dejected and disturbed with happenings on GST.

The CAIT has demanded that if seller is not depositing tax, the onus should not be put on the buyer and since Govt has issued GST no. after proper verification, the recovery of tax is the duty of the Government and not the traders. The reverse charge mechanism is quite irrational and since having no impact on revenue, the same should be scrapped. Filing of GST return should be made applicable on turnover more than 100 crores and rest of the persons should be allowed to file return quarterly but tax may be deposited on monthly basis. E-way Bill should be levied only on inter-state sale having a value of more than Rs. One lakh. The HSN code should be applicable on manufacturers and traders should be absolved from HSN code filing.

No proper functioning of GSTN portal and absence of any nodal authority for seeking authoritative response for the queries have add miseries to the life of traders in barely 100 days of GST implementation in the Country.

Both Mr. Bhartia & Mr. Khandelwal hoped that GST Council will also focus redressal of tax and procedural issues raised by CAIT. Irrationality of 28% tax slab under GST will be looked in to and items not falling under luxurious and demerit category but have been placed in 28% tax slab shall be brought back to lower tax segment. They further said that 28% tax slab is considered as one third cost of the product by the Consumers and therefore resisting them to pay 28% tax.