CA Harshil Sheth tweeted about 25 current problems in GST:
- ITC restrictions in 36(4) and 16(2)(aa).
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ITC Denial of utilizing u/r 86B.
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ITC reversal due to 180 days Non-payment.
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No ITC allowed for CG in Export refund.
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No ITC allowed for CG & Services in Inverted duty refund.
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Whole return filling Mechanism.
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Non Effective GST Annual Return format.
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No CAP on Max. LATE FEES.
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No Amnesty for GSTR 9/9C.
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No relaxation on Sec. 16(4) regarding time limit.
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No Discussion on Petrol / Diesel inclusion in GST.
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No Discussion on Rate Neutralization.
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Not reducing High penalizing Interest rate 18/ 24%.
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No Negative liability allowed in 3B.
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Not Changing QRMP to QRQP.
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No revocations of Cancelled dealers.
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Significant delay in approving Registration.
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No online Appeals – No tribunals.
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No involvement of Professional Bodies or Industry Association in GST council decision making.
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Daily changes by Notifications, Circulars & PR.
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Wide power to officers under 21A & 86A for cancellations + suspension.
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Useless forms like GSTR 10 & ITC 4.
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Harassment to categorizing exporters into Risky exporters & not giving refunds.
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Harassment due to Minor errors in Eway Bill lead to major penalties.
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Obsession with HSN DETAILS. Cumbersome for MSME.
Tweet Link: https://twitter.com/CA_HarshilSHETH/status/1414477172811583489?s=19