The 35th GST council meeting still away from major decisions for the benefits of the small businessman and traders who are need of some redressal of their complaints.
The 10th January earlier notified that the GST threshold has been extended to 40 lakhs from the previous 20 lakhs limit and the central government has also notified that but still there is no applicability of such rule in Delhi and other regions.
Also, there is no clarification that does section 22(1) needs any amendment and there has been no de-registration of dealers fro such cause.
In another issue, the council had also said about the interest must not be levied on the output tax instead of net tax liability and proposed an amendment in section 50. Still, they have not done these changes as of now.
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In July 2018 there were around 46 significant amendments considered by the GST council in which it said that the even if the supplier isn’t paid for more than 6 months, the government collecting interest from the recipient is not legal. For this purpose, there has to be changed in section 16 but was not presented in the parliament till now.
There was also single GST ledger on demand but the same couldn’t be processed till now and haven’t discussed in the meeting. There was also the demand of revised return which would have taken the need of filing GSTR 9 annual returns.
For this, the council had even accepted the changes in amendments in section 39(9) and notified it, but even today it hasn’t appeared on the portal.
Also, most of the small dealing traders demand that the quantitative details must be replaced with the value-based and this is pending for a long time.
In the GST e-way bill provision, there is a reverse charge section which has to be omitted due to the including of all the transports within the system and this is also due for a long time.