ICAI Submitted 121 Suggestions on GST Law to Government
ICAI has submitted121suggestions on various topics of GST to Finance Minister, Shri Piyush Goyal. ICAI included suggestions on various topics likeGeneral Issues, Definitions,Classification And Exemption, Scope Of Supply, Composite And Mixed Supply, Composition Levy, Time & Value Of Supply, Input Tax Credit, Registration, Tax Invoice, Accounts & Records, Returns, Payments, Refunds, Assessment And Audit, Demands And Recovery, Advance Ruling, Offences And Penalties, Transitional Provisions, Miscellaneous Provisions, IGST Levy & Collection, Place Of Supply, Zero Rated Supplies And Compensation Cess.
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ICAI Submission is as follows:-

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(Set up by an Act of Parliament)

CA. Naveen N.D. Gupta
President
ICAI/IDTC/2018-19/Letter/14

10^thJuly, 2018

Shri Piyush Goyal
Honble Union Minister of Finance, and
Chairman, Goods & Services Tax Council
Ministry of Finance,
Government of India, North Block
New Delhi110001
Respected Sir,
Sub: Suggestions on GST Law
At the outset, we thank the Government for considering most of the suggestions on issues related to GST hitherto submitted by the ICAI.
Further, some more policy, law and procedural related issues on GST have been identified and reported by members across India who are involved in GST implementation and suggestion thereon. Compilation of these suggestions is enclosed herewith for your kind perusal. We hope that these suggestions would also be favorably considered.
We shall be glad to provide any further input as may be required and your office in case of any information may reach us at[email protected]or 0120-3045954.
Wish best regards,
Yours sincerely,
CA. Naveen N. D. Gupta
Copy to:
1. Dr. HasmukhAdhia, Finance Secretary (R), Department of Revenue, Ministry of Finance, Government of India,North Block New Delhi 110001
2. Sh. Arun Goyal,Additional Secretary, Office of the Goods & Services Tax Council, Tower-II, 5^thFloor, Jeevan Bharti Building, New Delhi -110001
INTRODUCTION
1. The Institute of Chartered Accountants of India considers it a privilege to submit its suggestions on GST Law. We have segregated the121suggestions on various topics under GST. We shall be pleased to discuss suggestion in a meeting to illustrate the points made by us.
2. We look forward to contributing in the drafting of simple, transparent, & fair GST laws in India.
3. In case any further clarifications or data is considered necessary, we shall be pleased to furnish the same.
To Download PDF copy of ICAIs 121 Suggestions on GST Law submitted to Government Click Here