ICAI’s 121 Suggestions to FinMin on GST Policy Issues, Law Issues and Procedural Issues

ICAI’s 121 Suggestions to FinMin on GST Policy Issues, Law Issues and Procedural Issues

The ICAI has, from time to time, submitted various Memorandums to the FinMin (GOI), for consideration in framing/ implementation of final GST laws, specially concerning the issues relating to Registration, ITC, RCM, Transitional issues, etc., including 121 suggestions submitted by ICAI on 10 July 2018 on procedural issues, as under:

ICAI Suggestions/ Memorandum on GST Laws (dt. 10 July 2018)

The ICAI has submitted 121 Suggestions to the Ministry of Finance, Govt. of India relating to Policy Issues, Legal Issues and Procedural issues of GST Law(s)/ Rules(s) identified by it’s Members during implementation thereof.

ICAI’s 121 Suggestions on GST Laws/ Rules (dt. 10 July 2018)

ICAI Suggestions/ Memorandum on GST Laws (dt. 8 Nov. 2017)

The ICAI has submitted 217 Suggestions to the Ministry of Finance, Govt. of India relating to Implementation Issues of GST Law(s)/ Rules(s) concerning Policy, Law and Procedural matters identified by it’s Members.

ICAI’s 217 Suggestions on GST Laws/ Rules (dt. 8 Nov. 2017)

ICAI Suggestions/ Memorandum on GST Laws (dt. 28 Sept. 2017)

The ICAI has submitted 122 suggestions on GST Implementation Issues, which have been segregated in 3 parts, namely Law Related Issues, Procedural Issues and GSTN related Issues. Out of which 10 suggestions are very important, which relates to issues like ‘Double taxation still happening in certain cases against fundamentals of GST, Implementation teething issues on GST, GSTIN related issues, Twitter or FAQ related issues, etc. as under:

ICAI’s 122  Suggestions on GST Implementation Issues (28 Sept. 2017)

ICAI Suggestions/ Memorandum on GST Laws (dt. 17 Aug. 2016)

The ICAI has submitted a memorandum to FinMin containing 84 suggestions/ comments on the Draft/ Model GST Law, for their consideration while framing the final GST Law. The suggestions of ICAI on Model GST law are basically concerning the issues relating to leviability of GST, registration under GST, input tax credit mechanism under GST, transitional issues, etc., to make GST laws simple, fair, transparent and to avoid legacy of litigation.

ICAI Memorandum containing Suggestions on Draft/ Model GST Law

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