Finally, GST council comes to reality !

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Finally, GST council opens up and comes to reality to do some relaxation and delayed the implementation of few things.

> e-way bill postponed for sometime

> Return due date are postponed and simplified single return form is issued for first two months

Still there are many issued to be addressed
- Imports becoming cheaper (that to products which meant for direct sale to market and not used as input for manufacture)

- Vague rules for Reverse charge (reverse charge applicable for all supplies from unregistered suppliers - should i pay GST if we buy tea from a small tea shop ?)

- Complex return mechanism

- Buyer need to run behind the supplier to make him to pay tax to take input credit. Are they tax collection officer ? GST going one step ahead of self assessment mechanism !

- Service sector is suffering big tax impact - increase in rates, increase in compliance, no much benefits

- No centralised registration

- SGST of other state cant be taken credit. The place of supply will be state in which service is provided in some cases. If a chennai company conducts a event in a banglore hotel, then chennai company cant take input credit of the tax paid - because hotel will charge SGST and CGST in those cases.

list goes on by adding industry specific issues ............... 

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