Kanpur: Traders seem unhappy with the new provisions of Goods and Services Tax after the new budget. It has turned out to be a tough tax structure. So they raise demand for bringing change in the restrictions.
They have come forward with their suggestions. They point out their difficulties related to the tax structure.
Since the beginning of the GST, the changes are being effected. On account of this reason, the traders are so far finding themselves entangled in grasping the tax arrangement, as they said adding if the goods are seized by the Department concerned, the trader has to pay a two-hundred per cent penalty on the taxable consignment. For an appeal against seized goods there is a rule to deposit 25℅ penalties first and foremost.
Another trouble remains on the generation of e-way bill which will not generate in absence of filing the two-month GSTR-3B. The limit of the e-waybill has been fixed up to a distance of 200 Kms. It is impractical as it is not satisfactory to the transporters even. Besides, if the turnover remains over Rs 100 Crore, the traders must have Invoice otherwise they will not avail the facility of credit.
Further, they also speak against the provisions like payment through electronic cash ledger and the realisation of return mismatch tax along with the seizure of balance sheet.
They also pointed out that they approached a commissioner level officer of the GST department recently and apprised him of their suggestions.
