EEPC India with the successful start of the faceless assessment via the income tax department has asked the government to start a faceless GST audit concentrating on empowering the MSME sector.
Through the use of technology and obscurity, the faceless GST audit system will lessen the costs of compliance. A faceless system shall ease the process to permit the MSMEs to focus on growth and innovation.
In the pre-budget recommendation of EEPC India sought that Reverse Charge Mechanism (RCM) pertinent obligations must be qualified for the Amnesty scheme.
Certain RCM problems like foreign bank charges and foreign business services have issues for exporters who do not know about the charges or services given. As such problems are not fake hence they must counted as u/s 73 which handles genuine compliance concerns.
Exporters must be provided relief as per the amnesty scheme despite the show cause notices being furnished u/s 74.
Diverse EEPC India members have notified that they have obtained the SCN of RCM therefore an amnesty scheme is required for these problems.
