Govt can generatr revenue. Introduce NEW Tax. When person having wealth of 200 Cr. or more, and he will die, change 10% Tax, from his wealth.

Dear Sir,

We humbly demands further amendment in Section 35(5) and Section 44(2).

The word “audited by a chartered accountant and cost accountant and other records and shall submit a copy of the audited” shall be deleted and will be substituted as “Examined by a GST Practitioners” and other record and other records and shall submit a copy of the verified annual accounts,”

In section 44 and sub section (2) the word “audited” shall be replaced by “examined”.

" we Request the following amendment

in a section 35(5)
After the words cost accountant " or a GSTP having 5 years of experience (as STP) and passed the examination conducted by NASIN and shall submit a copy of audited annual accounts......"

Dear Sir, Due to the slow process of refund, it is extremely difficult for small traders to run their business, especially who are dealing maximum with the customers situated in SEZ (SPECIAL ECONOMIC ZONE), because they do not have any other option to claim or to adjust their available amount of refund towards input tax on inward supplies paid by them.

I am also one of them. Please look in to the matter.

Dear Sir,

We humbly demands further amendment in Section 35(5) and Section 44(2).

The word “audited by a chartered accountant and cost accountant and other records and shall submit a copy of the audited” shall be deleted and will be substituted as “Examined by a GST Practitioners” and other record and other records and shall submit a copy of the verified annual accounts,”

In section 44 and sub section (2) the word “audited” shall be replaced by “examined”.

Comment on serial No. 11 - Sec. 10(1) - Composition levy
As amended vide Notification No. 1/2018- Central Tax dated 01-01-2018, other suppliers as mentioned in sec. 10(1)(c) are liable to pay tax at the rate of half per cent. of the turnover of "taxable" supplies of goods.
The term " Taxable" still seems to be missing in the proposed draft law.

New observation - on Schedule II
The titles of clauses under Schedule II - are mis-leading.
If Serial No.5 is for "Supply of services" and serial No. 7 is for " Supply of goods" -
what for other serial numbers?

My humble request is to please provide revised all return option.

For Point number 25 in Draft Suggestions/ Rational/ Remarks
"We Request the Following amendment After the words cost accountant"
or a GSTP having 5 years experience (as STP) and passed the examination conducted by NASIN and shall submit a copy of audited annual accounts....

#AmendmentSrNo20 The proposed amendment helps small e-commerce operators but does NOT help small merchants. Even after this proposed amendment, small merchants will require still registration to sell on e-commerce platforms. There are platforms OTHER than Flipkart & Amazon where small merchants can come and effectively sell. Small merchants and upcoming entrepreneurs need to be promoted by providing the exemption upto 20 lakhs of sales on e-commerce / inter-state sales as is available otherwise.