GST Committee Report on Payments

GST Committee Report on Payments
Last Date Nov 16,2015 00:00 AM IST (GMT +5.30 Hrs)
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The Government of India intends to introduce the Goods and Services Tax (GST) in the country at the earliest. GST seeks to subsume many indirect taxes at the Central and State ...

The Government of India intends to introduce the Goods and Services Tax (GST) in the country at the earliest. GST seeks to subsume many indirect taxes at the Central and State level. The proposed dual GST envisages taxation of the same taxable event, i.e., supply of goods and services, simultaneously by both the Centre and the States.

The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014, has been introduced in the Parliament for facilitating the introduction of GST in the country. Simultaneously, committees comprising of officers from the Central Government, as well as the State Governments, have been constituted for the drafting of Model CGST, SGST and IGST laws, and GST business processes of registration, refunds, returns and payments.

The draft Model CGST, SGST and IGST laws, along with GST business processes for filing of returns, shall be put up for inviting comments of stakeholders in due course. Presently, the draft business processes on GST registration, GST refunds and GST payments are being published.

The Report of the Committee on GST Payments is available here. Comments and views are invited on these business processes by 31st October, 2015. Users are requested to keep in mind the guidelines for posting their comments:

1. Please use the following hashtags for commenting on the report:
a. #GSTPayments: for general comments.
b. #GSTPaymentsForms: for comments on proposed GST Payment Form/challan.

2. Please restrict your comments to 500 characters. In case your comments exceed this limit, please upload your comments as a pdf document.

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600
Sanjay Mitra 4 साल 1 महीना पहले

#GSTPayments
As per extant indirect tax statutes importers are permitted to discharge Customs Duty liability / Central Excise dues (in case of procurement of domestic capital goods under EPCG authorisations) by way of debit to Scrips like SFIS, SEIS, MEIS, VKGUY, FPS, FMS and so on. In the GST regime also the same should be permitted in respect of Customs Duties and IGST payable for imports. Any restriction will dilute the benefits provided to the exporter under FTP by GoI

900
JAIPRAKASH SARAF 4 साल 1 महीना पहले

#GSTPayments: for general comments OTC pymt be allowed upto 100k instead of 10k . Charge back claim should not be limited to Credit card payment & is to allowed in case of failed internet bank pymt/multi pyt due to hanging of bank website for same challan as it being CPIN identified & it should be auto without process of refund.Pymt thru post office also allowed. No account code/colomn in challan for Late Fee of return filing.challan correction mechanism not ltd.TxOfficer allowed in genuine.