Meeting of the Punjab state grievance redressal committee on GST held

LUDHIANA: Meeting of the Punjab state grievance redressal committee on GST was held on Wednesday in which officers of the state and Central GST departments were present along with the heads of several business associations and tax experts.
During the meeting, discussions were held on the issue of increase in the GST on bicycle pumps, imposition of GST on several goods and services which were exempted till now.
CA Vishal Garg, secretary of Indirect Taxes Consultant Association, said, “Some important suggestions which were put forward from our association’s side in the meeting included the issue of provisions laid down in rule 89(3) of the CGST rules 2017 under which an applicant has to debit the electronic credit ledger by an amount equal to the refund amount so claimed in case application pertains to unutilized input tax credit. Further as per rule 93(2), if said claimed amount is rejected under rule 92, either in full or partially, the same to the extent of rejection shall be re-credited to the electronic credit ledger by an order made in Form GST PMT-03”
Garg also added, “No provision in the law specifically prescribes the time limit under which this order in Form GST PMT-03 shall be required to be issued. At various intervals from the ground zero, it has been seen that jurisdictional officers doesn’t issues the re-credit order for a longer period of time like 1 year or more. Such amounts when rejected and kept in the government exchequer increases also increases the liquidity requirement of the applicant. Therefore it is suggested that on the behalf of the assesse/applicant that a proper time limit should be defined in law for issuance of re-credit order in Form GST PMT-03 and in case of delay interest provisions should be inserted to pressurize the jurisdictional officers for timely issuance of such orders.”
Besides this the other important suggestions which were put forward by the association included those related to providing with a mode in GST law wherein an assessee may apply for waiver of such penalising provisions whether through online mode or offline mode, introduction of one time amnesty scheme for Goods and service tax litigations and quick disposal of matters of risky exporters and traders.