Are small time traders- having turnover below 20 lakhs,having official Vat numbers since ages- not proper business people, then why cannot they be provided with simplified Gst facility utilisation and refunds or adjustments against purchases from larger Gst registered manufacturers or suppliers? Why have same complicated filing processes for a small trader with 20L turnover and a business house with 20 or 200 or 2000 core turnover???. Please help or suggest better compliance options for them, as they do not have the heavy profit margins and money power to spend on complex process of GST more
given that the ultimate top objective was to have one tax rate - simplicity was and is supposed to be THE most essential ingredient if success of its implementation is to be achieved with such a large population where internet and online connectivity is still not developed, where more than half the biz men are not literate.....there is still a SGST and a CGST slapped on every product sold....while the CGST for a product might be common across the country, the SGST hopefully is also a fixed percentage across all States for a specific product?? And certainly the forms and processes to be simplified is why this was thought of in the first place!! more
You have to get your facts right. Only one return is to be filed. The other two returns are generated by the system. You have simply edit those in case there are any mistakes in it. If you do not correct, system generated return will be treated as final. more
Definitely One single reasonable rate for all taxable articles can be mad. For wxample if we add al;l the tax ranges-5,12,18,&28 Rotal 63 divided by 4 around 15% can be charged so it will be easier for all and input credit also will be easier to avail. Same way forms also can be simplified. Will the Government think of it?? more
Time limit for making Refund Application A person claiming refund is required to file an application on the GST Portal in Form GST RFD-01 before the expiry of two years from the “releva...
Car is a fixed asset , it depreciates. If you sell a used car either you make profit or loss. Hence it should be subject LTCG/STCG tax only if you make profit. How is selling a used car misco...
The GST hair splitting over Popcorn is but a symbol of how theGovt has spectacularly failed in taming the bureaucracy. In 2014 when this Govt came to power they promised to make simpler laws. And t...
Govt consdiering: Recommendations to increase GST on Tobacco and Tobacco products to 35% from 28% Aerated Beverages GST also expected to rise to 35% Govt may consid...
GST office dont make any gate pass , no security checks . Is this to facilitate people to walk in with cash and gifts for officials. What happens if terrorist gets in .
Indian taxation is truly hell, the average Indian gets paid 20x less than average westerner but pays 10x more for essentials like laptops while 50x for cars. This is literally butchering the middle...
According to my husband, Corruption in GST starts from registration itself now. Getting told it's impossible to get it done in Delhi without a bribe. You get a query for more docs with t...
You can get a rate card for everything in gst office Registration 10k Assessment where no tax payable 15 k Refunds 4% This is what a friend is saying. LC Manager must esc...
Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...