Simplification Suggestions on GST



Quick Summary
This article outlines several key suggestions aimed at simplifying the Goods and Services Tax (GST) for businesses and professionals. It proposes improvements to the GSTN's capacity, suggests a shift to monthly tax deposits with a single quarterly return, and advocates for a more streamlined approach to detailing sales and purchases. The piece also calls for revisiting specific GST rules, removing late fees, and offering amnesty for technical errors.

A few suggestions on GST Simplification procedure has been mentioned below:

GST Simplification: Key Suggestions for Businesses

1. Improve the Capacity of GSTN. 

2. Monthly Tax & Single quarterly Return. The tax deposit and Return filing dates should be different from each other. There should be at least 30 days time for filing of return after close of the quarter. 

3. GST Return:-Take Sale and Purchase Details from both Sellers & Purchaser wise instead of bill wise. 

4. Revisit 16(4),36(4) & 49(4). 

5. Remove and Return all the Late fees since GST is still on trial basis. 

6. One time Amnesty for all technical errors and Non-Financial Errors. 

7. Remove RCM. 

8. Give return Revise Facility. 

9. Keep Faith on Dealers. 

10. Be sympathetic on Dealers and Professionals since GST is new to them Like Lawmakers and they should have the right to correct them.

11. Lighten the Procedural Aspect of GST. 

12. Implement all these 11 Points immediately. 


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