GST is Good, But why people are unhappy. Thought by the time, I get some Serious work, why not do some GST work on Temp Basis. Visited many markets, But what condition of Business, I Saw. Pathetic. The Shopkeepers who always remained busy were sitting Idle. It is worse than 2001 and 2008 Recession. Because during that period big corporates got the hit, but this time small entrepreneurs. Some Blind Followers of Govt saying, there were dishonest businessmen so finding difficult to manage with strict provisions of GST. Not True for Everyone. Then What is the Exact Problem.
There are some provisions I'll share based on my study of GST and understanding, need changes. Hope GST Council will do needful to make GST smooth and user friendly.
First Change, I Suggest is change in Rule 20 of CGST Rules, 2017. That says
"Provided that no application for the cancellation of registration shall be considered in case of a taxable person, who has registered voluntarily, before the expiry of a period of one year from the effective date of registration."
Either this condition should be removed or change to 3 to 6 months.
This is a punishment for no crime. People below threshold limit will have no choice to exit from GST before one year once they get Registered.
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