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Stakeholder Consultation on draft Integrated Goods and Services Tax Law for Inter State Trade or Commerce

Start Date :

Jun 17, 2016

Last Date :

Jul 18, 2016

18:45 PM IST (GMT +5.30 Hrs)

Submission Closed

In order to engage with the stakeholders and invite comments from the public at large, the Department of Revenue has decided to make available the draft Model Laws on Goods and ...

In order to engage with the stakeholders and invite comments from the public at large, the Department of Revenue has decided to make available the draft Model Laws on Goods and Services Tax (GST) in the public domain.

There are two Model Laws on GST which are being put up in the public domain. This discussion pertains to the Integrated Goods and Services Tax (IGST) Law for the Centre which relates to Goods and Services tax on supplies in the course of inter-State trade or commerce. The draft law can be seen here. You are invited to submit your comments / feedback on the draft law through this discussion on MyGov.in .

To facilitate the analysis of the comments / feedback, you are requested to add a hashtag to your comments. The hashtags should be added using the following scheme:

Use the hashtag #IGSTChap1 for comments pertaining to Chapter 1 of the IGST Law, #IGSTChap2 for comments pertaining to the Chapter 2 of the IGST Law, etc.

In case you have more than one suggestion to offer, you may find it convenient to type out your comments in a separate document, with hashtags specifying the Chapters for which the comments are being given. This document can be converted into a PDF and uploaded in the discussion thread.

Click here to read the Model IGST Law Draft 1

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Showing 354 Submission(s)

KAKUBAL SHANKAR SHETTY 9 years 10 months ago

Welcome Central Government initiative for developments.#GST:In the proposed GST it is seen scope for CA`s & Court Advocates. We provide regular assistance to Sales Tax & Income Tax Practitioners to upload data and file regular returns with audit reports. These Tax practitioners should be continued in the GST to retain our employment opportunity. We are not in a position to changeover to CA`s or Advocates for this assistance mainly of small business people. This may kindly be keptin view in GST.

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Abhijit Sawarkar 9 years 10 months ago

Capital goods (for example: Cranes) which are being rented out for erection purpose are very expensive and huge capital is employed to own such capital goods. Levy of GST for movement of such capital goods from one location to another (including branch transfer) will cause lot of financial hardship for such capital goods renting company/industry. Movement of capital goods for provision/Supply of services like renting/ / transfer of right to use should be excluded from the scope of ‘supply".

mygov_146762803742829474.pdf

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Gautam Pal 9 years 10 months ago

THERE SHOULD BE NO THRESHOLD LIMIT FOR GST. OTHERWISE SMALL BUSINESSES, WHO ARE OUT OF ITS PURVIEW, WON'T GET INPUT TAX CREDIT FOR THEIR PURCHASES, WHICH WILL PUSH UP COST OF THE ITEMS THEY SELL; SO THEY WILL LOSE BUSINESS TO BIGGER COMPETITION ENJOYING GST INPUT CREDIT. OR, ELSE,KEEP GST ENROLLMENT FOR BUSINESSES BELOW THRESHOLD LIMIT AS VOLUNTARY. SO THAT THEIR OPTION IS OPEN.

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NIKUNJ PATEL 9 years 10 months ago

SIR,CHAPTERNO.13,POINT49.AUDIT BY TAX AUTHORITY AND POINT 50.SPECIAL AUDIT IN MODEL GST BILL JUNE 2016.I HAD SUGGESTED THAT IN INDIA THREE PIONEER FINANCE INSTITUTION NAMELY CA,CS,CMA. IN THIS CHAPTER NO 13 ONLY CA AND CMA IS ALLOWED FOR AUDIT. I WILL REQUESTED TO ADD CS AS CONDUCT AUDIT IN GST BILL. IN INDIA,COMPANYSECRETARY COURSE IS INDIA'S NO 1 TOUGH COURSE CONSIST HARDLY 2% PASS RESULTS AND CS IS MOST KNOWLEDGEABLE IN THIS FIELD.KINDLY ADD CS ISCONDUCTING AUDIT FOR BENEFIT OF CITIZENOFINDIA

mygov_14676262523051821.pdf

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PRAVEEN SOHONI 9 years 10 months ago

With Minimum GST rate at 20% income tax paying middle class is going to be suffering a lot as all services will be taxed at 20%. My suggestion is to have separate goods tax and services tax rates with services tax not more than 5%. Otherwise in my view service tax is just like a "Haft collection" by governmental goons as after having food of 100 rs one has to pay rs 20 as tax. Same is a case with life insurance mobile bills etc.This logic is beyond my understanding.

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Sundeep Gupta 9 years 10 months ago

There must be no exceptions or escape clauses. All transactions must carry only one GST percentage for that item. No separate Central, state or interstate GST amounts. The dealer should have to submit returns to one common authority. It should be up to the government agencies to handle the allocation of taxes at the back end. The taxable threshold should not be more than 2 lakhs to ensure that all entities fall into the compliance window.

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Satyan Thukral 9 years 10 months ago

Dear Friends, I have derived the ideal quotations, PI, Delivery note & Tax Invoice. PFA the sample with Buyer Billing Name and Add, Sellers Billing Name and Address, Buyer Delivery Name and Add, Buyer and Seller's contact details and TIN Number. Kindly make such ideal Tax Invoice formats for the entire country to follow. This would make the accounting software companies implement it at their level. Easier for the seller, buyer and tax man to identify the goods and services easily. Satyan

mygov_146756643316523.pdf

mygov_146756644716523.pdf

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Satyan Thukral 9 years 10 months ago

There are 3 possibilities a) exporting state b) importing state c) warehouse state. Means 3 TIN Numbers. The GST paid should go to an escrow account where it automatically divided into the set ratio of the centre, state and local body. The taxpayer pays only to one bank account with 3 TIN numbers. What about a provision on delivery on a Challan / Delivery Note / Sending goods for a trail or a demo? What about Sales Return / Goods Return? What about movement of goods for repairs?

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Mahesh Kumar Aneja 9 years 10 months ago

Threshold limit of atleast 20 lacs should be for all asessees(even those sending goods out of state) Returns should be simple(not requiring useless information ).Accountability of Tax officials must be specified.Timebound online registration process not requiring human interaction and Error free Return preparation software is a must requirement to move towards ease of doing business.

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Hari Saikia 9 years 10 months ago

Respected Sir I would like to share my views with you.Tax evasion curb is a major challenge for government.To prevent from evasion I think following point should consider. (1) Each and every product should be traceable from manufacturer to consumer introducing online tracking mechanism.(2) Unique government product code for all homogeneous product of industry for facilitating tracking.(3) Installation of Bio metric system for Producer to retailer if possible to trace genuineness

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