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Stakeholder Consultation on Proposed Changes to GST Laws

Start Date :
Jul 10, 2018
Last Date :
Jul 17, 2018
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

In order to engage with the stakeholders and invite comments from the public at large, the Department of Revenue has decided to make available the proposed amendments in CGST Act, ...

In order to engage with the stakeholders and invite comments from the public at large, the Department of Revenue has decided to make available the proposed amendments in CGST Act, 2017, IGST Act, 2017 and the GST (Compensation to States) Act, 2017 in the public domain. The draft proposals for amendments can be seen here. You are invited to submit your comments/feedback on the draft proposals for amendments through this discussion on MyGov.in. To facilitate the analysis of the comments / feedback, you are requested to add a hashtag to your comments. The hashtags should be added using the following scheme:

Use the hashtag #AmendmentSrNo1 for comments pertaining to amendment detailed at serial no.1 of the draft proposals,#AmendmentSrNo2 for comments pertaining to amendment detailed at serial no. 2 of the draft proposals, etc.

In case you have more than one suggestion to offer, you may find it convenient to type out your comments in a separate document, with hashtags specifying the Serial No. for which the comments are being given.

Last date of submission is 16th July, 2018

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Showing 1285 Submission(s)
Hiren H Dedhia
Hiren H Dedhia 7 years 10 months ago
#AmendmentSrNo10.under service tax regime, small mutual fund distributors were exempt, the same way under GST, small mutual fund distributors should be permanently exempt from Reverse Charge Mechanism. Thanks
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Manish B Joshi
Manish B Joshi 7 years 10 months ago
#AmendmentSrNo25 We request the following amendment after the words cost accountant " or and Advocate ora 5years experienced GSTP (as STP) and shall submit a copy of audited annual accounts..."
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NIMISH
NIMISH 7 years 10 months ago
Moreover if Insurance agents are exempted & how TDS is deducted then that is still understandable if Mutual fund distributors are put in same category. But by imposing GST the process work will only increase for distributors and govt dept & no major purpose will be served. The investor if not being charged GST on his investment then it does not make practical sense to charge a distributor GST just for being a facilitator. Hope that you will give due consideration.Thank you.
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Rohitkumar B Thakor
Rohitkumar B Thakor 7 years 10 months ago
" we Request the following amendment 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......"
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NIMISH
NIMISH 7 years 10 months ago
Dear Sir, Mutual fund distributors are adversely affected by the GST regulations. Distributors who earn more than Rs.20 lakhs and even the ones who earn less than Rs.20 lakhs. As the client is not dealing in goods & services so thereby we distributors are only facilitators in the process of investment. The income earned is by way of commission which is tracked by each AMC. This income in turn is accounted for paying income tax in respective tax slab of the distributor. So pls consider & be fair.
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Ramkumar k
Ramkumar k 7 years 10 months ago
We Mutual fund distributors who are generating business for AMCs ,but couldn't collect GST from clients. Hence GST should not be charged on MF distributors. More over most of MF distributors have registered for GST but within a month notification issued that below 20 lakhs revenue earners need not register for GST. Those who have registered tried to cancel but unable cancel& we were instructed to file returns. GST should waive the penalty for delay in filing returns
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Tajinder Setia
Tajinder Setia 7 years 10 months ago
In case of Mutual Fund distributors /IFA's GST should be exempt as we people are working to help investors to invest good fund to create and enhance his wealth in a more professional and logical way. And we are not billing our customers (Investors) Like doctors/Lawyer/tax and other consultants which charges their clients with fees Plus Gst(18%),We are getting very nominal and as per Sebi approval commission from AMC' and we have to pay GST and Income tax(only IFA/MFD are come under double taxati
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Monu ram pandey
Monu ram pandey 7 years 10 months ago
Govt ko late fee waive off karna chahiye.. atleast March tak ka.. Bahut logo ko pata nahi gst return ke baare me.. mere pass kayi logo ke case aaye hai
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