Скачать или смотреть Present Challenges in GST | CA Rajender

There are multiple problems and challenges which are faced by the Professionals/Tax Payers and Other Stake holder.

This video is talking about all those issues faced by one and all.

Following are the points covered under this video-:

Challenges in GST

1. Definition of Supply: - Extensive Coverage…...confusing Definition.
2. Input Tax Credit: - 2A or 2B = Confusion/ Multiple Opinion/Blockage of Working Capital/ Business with MSME hampered.
3. Rule 36(4): - 5% Extra credit
what to do with actual credit.
4. Place of Supply + Time of Supply: -Both are passing difficulties.
5. Rule 86(b): - 1% minimum tax payment
what to do with accumulated ITC?
what to do with Accumulated balance in credit ledger?
6. Reconciliations: - For ITC--- ITC taken on the basis of GSTR-2B
For Sales --- Every Month
QRMP = Whether a boon or bomb?
7. HSN/SAC: - 4/6 digit Applicable from 01/04/2021---- problem??
How to identify? Rate is linked with HSN/SAC.
So, if wrong HSN/SAC= Wrong Rate.
8. Suspension / Cancellation of GST Registration
9. Refunds= Deficiency memo…. means NO REFUND.
10. Return Filing: - First Determine which system of return to be followed.
Different Turnover = Different System.
QRMP/REGULAR/COMPOSTION
11. Offences and Penalties: - Section 122 = 21 Offences
This section got maximum clauses in the Act. So, more offences than the provisions.
12. No Official/ Effective / Productive Helpline.
13. GSTN: - Most efficient but from the End.
14. Advance Rulings: - One Issue=different Rulings on the same
15. Judgements of High Court: - either Challenged in apex court or retrospective change in law.
16. Change is the only factor which is constant
Most Effectively utilized in Changes.

Changed the provisions of GST more than 600 times

17. Education to client.

#GST #GSTRajender #Challenges