#IGSTChapV INPUT TAX CREDIT
The Input Tax Credit is indisible component of GST Chain. Seller/Service provider at each point of sale/provison is statutorily liable to pay GST. When Input tax Credit is linked to payment of tax at previous stage means that chaos in trade. No prudential purchaser would like to pay tax to seller. No seller would supply/provide goods/service without collecting tax since liability to discharge tax is caste upon him. Kindly see the file attached.

#IGST: The very purpose of any amedndment/s and/or redesigning/s of any tax law should be towards ENSURING EASE OF DOING THE BUSINESS and volunary compliance. Simplicity in the biggest challenge of the time. It is humbly submitted with the popular Government to keep the main aim while enacting a biggest and reformationery step in the history after independence. Specially there should be no hue & cry among the related tax professionals who will be the key instruments on such Post enactments.

#IGST: The very purpose of any amedndment/s and/or redesigning/s of law should be towards easeease ensuring ease of doing the business and voluntary compliance. Simplicity in the biggest challenge of the time. It is humbly submitted with the popular Government to keep the main aim while enacting a biggest and reformationery step in the history after independence. Specially there should be no hue & cry among the related tax professionals who will be the key instruments on such Post enactments.

There have been proposal for CGST & IGST. Why divide GST into 2. Whatever the governments want to do, they can do at their own level. Why Taxpayer be taxed in different way. Government should divide their fund with State governments as per their choice. A program can be made to divide the amount in the Central & State government in the desired ratio. This will reduce the burden on the taxpayer. It means we are not changing from the old regime of State tax and Central tax.

In GST no reverse charge service tax should be implemented. All individual should pay his tax liability.

To keep track of Bank accounts which are used to circulate black money and transactions. It should be made mandatory for all banks to update GST number in current , loan , and other business accounts. I think atleast 50 % bank accounts will be closed if it becomes mandatory. During registration / issue of GST number it should be made mandatory to give bank account and name of bank. Then the particular bank account can also be updated automatically in bank account.Pl give 6 month time to update

To increase the Income tax base . All Sales figures should be used for tax calculation which are submitted in GST returns. An Automatic calculation should be send to GST dealer holder with his tax liability taking 8 % under section Section 44AD: Income of Business – 8% . He should be given link to accept the tax liability and this tax liability should be reduced if he adds 80C section and other deductions.

By this platform you can increase tax payers base.

Service tax department needs infrastructure and improvement. The officers have been provided best amenities but the staff does not have the same. Kindly look into at the grass root level

Do forthcoming GST regimes signal ease of doing business? Please see my submissions in the file attached.

sir kindly see enclosed objections for the draft GST bill.The law should be simple and easy to fallow and understand.The take off to GST from VAT should be smooth and free from judicial interpretations, which is a major hurdle in taxation laws.