Saturday, 5 August 2017

22nd GST Council Meeting on 05 August 2017

Today, the 22nd GST Council meeting is being held. Focus would be on E-Way Bill Rules and Anti Profiteering Provisions. To address issues raised by Textile Industry. Just some days back FM Mr. Arun Jaitely was talking to merge 12% and 18% rate, so may consider a new tax rate 15%.

To Keep GST free of Corruption and Red Tape would be a tough challenge. Just two days back, GST Council had to defend arrest of theirSuperintendent who was recently posted in the GST Council Secretariat with the charge of corruption. GST Council’s argument was he committed corruption before joining GST Council. It is really shocking because in a small private company, Even if a peon is appointed, all reference checks are done, the way GST Council defended its accused officer was so childish, I think they must hire a good professional PRO/CMO.

Everyone knows E-Way and Anti Profiteering both are the areas, where chances of corruption are very high, unless parallel punishment provision for GST Officers are set in the law, honest people would kept harassing. The limit should be Rs. 1 Lakh under E-way rules, system should be simplified like info (Inv/Challan no, date, items, Qty, Value and Vehicle No to be send and acknowledged) shared through Mobile and Once Goods reached the recipient can acknowledge the receipt of goods thru SMS against 1st Acknowledgement No, and transaction gets closed. Focus of GSTN would be only on Open Transactions. Here no need for transporters to carry smart phones, even in a city like Delhi there are many areas where no mobile network works, so how can it be assumed on distant high-ways. Similarly anti profiteering dept would be free from politics and totally transparent, otherwise some Baba Ramdev & Co would file a case against company like Nestle and new tamasha will begin.

Awaiting Minutes of Meeting. Let’s see what is new ? Thanks.

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