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Stakeholder Consultation on Proposed Changes to GST Laws

Start Date :
Jul 10, 2018
Last Date :
Jul 17, 2018
00:00 AM 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 proposed amendments in CGST Act, ...

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 proposed amendments in CGST Act, 2017, IGST Act, 2017 and the GST (Compensation to States) Act, 2017 in the public domain. The draft proposals for amendments can be seen here. You are invited to submit your comments/feedback on the draft proposals for amendments 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 #AmendmentSrNo1 for comments pertaining to amendment detailed at serial no.1 of the draft proposals,#AmendmentSrNo2 for comments pertaining to amendment detailed at serial no. 2 of the draft proposals, 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 Serial No. for which the comments are being given.

Last date of submission is 16th July, 2018

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Showing 1285 Submission(s)
Dhilan Shah
Dhilan Shah 8 years 3 days ago
Mutual fund distributors should be exempt from GST as we do not collect GST from Investors. Why the burden to be Bourne by MFD's. Effective tax rate for MFD's goes to 48% i.e 18% GST (without input credit) and 30% Income tax. Higher than corporates also as they get input for GST. My view GST should be exempt for MFD's or reduce to 5% max
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Soeb jethva
Soeb jethva 8 years 3 days ago
“We request the following amendment >>> After the words cost accountant or a GSTP having 5 year experience (as STP) and passed the examnination conducted by NASIN and shall submit a copy of audited annual accounts .....”
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jigar vora
jigar vora 8 years 3 days ago
" we Request the following amendment After the words cost accountant “ or a GSTP having 5 years of experience (as STP) and passed the examination conducted by NASIN and shall submit a copy of audited annual accounts......"
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Irfan Vhora
Irfan Vhora 8 years 3 days ago
In reference to GST charged on Mutual fund commissions, it is to update you that IFA (Independant Financial Advisor) can not charge GST from his client and Asset Management ompany is deducting the same. So, in a sense, it is burden on intermediary which is not correct. So, mechanism should be done to recover it for IFA or should be withdrawn altogether.
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BHASKAR JOSHI
BHASKAR JOSHI 8 years 3 days ago
" we Request the following amendment After the words cost accountant “ or a GSTP having 5 years of experience (as STP) and passed the examination conducted by NASIN and shall submit a copy of audited annual accounts......"
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Davison Mathewkutty
Davison Mathewkutty 8 years 3 days ago
Using a single Cash Ledger for payment of taxes interest fee etc rather than using multiple ledgers. It will reduce blocking stakeholders money due to its restriction using the cash with different ledgers
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Comments (1)
Sanjeev Kumar Jain
Sanjeev Kumar Jain 8 years 3 days ago
In reference to GST charged on Mutual fund IFA it is to update you that IFA is not receiving GST from his client or AMC so it should not be deducted or liable to Deposit from his commission.
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Manoj Gandhi
Manoj Gandhi 8 years 3 days ago
As being a Small Mutual Fund Distributor really painful to submit my part of Income as GST. Its very unfair to us. So please exempt mutual fund distributors also like another agents I.e. insurance etc.
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Sureshkumar Pursnani
Sureshkumar Pursnani 8 years 3 days ago
Sureshkumar Pursnani I took GSTIN number by following others. My income in mutual funds is below 20 lacs. When I cancelled my GST I got a call from GST BHAVAN asking me to give explanation. The lady officer there says your cancellation date is 30.03.2018 hence you have to file nil returns. My CA says if you file there will be penalty please help and advise
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