GST implementation
While Local Circles is trying its level best to assess the merits/demerits of GST (Goods & Services Tax) roll out through several opinion polls, the impact of GST on common man is quite visible and there is nothing to be dug out further. These polls are not going to change the Government's inebriated mindset.
Despite 17 years of deep thinking of Indirect Tax reform, the Authorities rolled out GST in a typical Indian style, which, of course, our bureaucrats are adept at. From day one, it turned out to be a hotchpotch implementation.
Manufacturers, traders, service providers, etc were clueless about what GST rate is applicable to their businesses. Even tax experts and consulting firms kept changing their interpretation almost on a daily basis.
The GST return filing process is also not easy. One will be on an emotional roller coaster while filing GSTR-1 (Outward supplies). Oops GSTR-2 & 3 to follow.
The GSTN portal runs like an old rice mill. Its apparent that the Authorities failed to do a proper testing before releasing the system. Absolute mess.
There are quite a lot of products which are overcharged at 18% GST as against 5%. I guess this merry making is still continuing . A 13% difference is too much for a common man. In my view GST is misused to the maximum extent possible. Government, as usual, remains a mute spectator.
My request to the Local Circles Management is instead of merely conducting polls on GST, pls depute some of your panel members to go around and collect tangible evidence of the impact of GST on common man. Highlight the facts in as-is form (ie without any filteration) in this forum and also share the list of companies/traders/restaurants who indulge in profit making thru taxes.
I heard from my friends that some of the traders in North India have already started selling GST Adjustment bills @ 9% commission. There is also a debate that its 4% more than earlier tax regime adjustment bills. Let your panelist investigate this fake bill racket and disclose the names of those traders/corporates , irrespective of their political affiliation. more
Despite 17 years of deep thinking of Indirect Tax reform, the Authorities rolled out GST in a typical Indian style, which, of course, our bureaucrats are adept at. From day one, it turned out to be a hotchpotch implementation.
Manufacturers, traders, service providers, etc were clueless about what GST rate is applicable to their businesses. Even tax experts and consulting firms kept changing their interpretation almost on a daily basis.
The GST return filing process is also not easy. One will be on an emotional roller coaster while filing GSTR-1 (Outward supplies). Oops GSTR-2 & 3 to follow.
The GSTN portal runs like an old rice mill. Its apparent that the Authorities failed to do a proper testing before releasing the system. Absolute mess.
There are quite a lot of products which are overcharged at 18% GST as against 5%. I guess this merry making is still continuing . A 13% difference is too much for a common man. In my view GST is misused to the maximum extent possible. Government, as usual, remains a mute spectator.
My request to the Local Circles Management is instead of merely conducting polls on GST, pls depute some of your panel members to go around and collect tangible evidence of the impact of GST on common man. Highlight the facts in as-is form (ie without any filteration) in this forum and also share the list of companies/traders/restaurants who indulge in profit making thru taxes.
I heard from my friends that some of the traders in North India have already started selling GST Adjustment bills @ 9% commission. There is also a debate that its 4% more than earlier tax regime adjustment bills. Let your panelist investigate this fake bill racket and disclose the names of those traders/corporates , irrespective of their political affiliation. more
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Oct 31
The entire bureaucracy cannot think straight they are always have crooked ways & making things difficult to understand. Take any govt website, outdated information, outdated web forms, no payment gateways, take LIC website, login system is faulty & buggy. Its language is also archaic, lacks user interface & proper navigation. None of the govt websites are working, if working, telephone calls end up with wrong number dialed or number does not exist or number temporarily disconnected or temporarily out of order. The GST implementation problems are also of the same make. more
Sep 07
With the onset of GST Regime, tax consultants...CAS....IT Practioners and other financial advisers are reaping lots and lots of money because the Laws and Legal Provisions of GST Rule are very tough and cumbersome... ordinary people can't handle it and hence, it is a gold mine for aforesaid people.... more
Sep 07
All CAs shall be busy with audit without sustaining in Partnership which energizes them . The demand for CAs shall be such , they re gain the then reveren status and dictate the accuracy , correctness , fairness and appropriate record of the Business transacted . THIS WILL ELIMINATE THE ILLS IN THE BUSINESS-CARRY . more
Sep 07
Hello its true, as usual baburaj is trying to prevail over business to keep its control and hence make things complicated. Best is to analyse and if found, forward this suggested for best results of GST-- GST SHOULD BE APPLIED AT FIRST POINT ON MRP, AS ALL PRODUCTS ARE BEARING MRP AND HENCE ITS EASY TO APPLY GST ON FIRST POINT IN FULL, SO THIS WILL MAKE COLLECTION EASIER, MULTIPLE TAX COLLECTION AND CREDIT BACK WILL BE NOT REQUIRED AND FULL TAX IS COLLECTED AT FIRST POINT ITSELF.... all suggestions and comments on this are welcome Pls study this and make comments soon more
Sep 06
Our government has kept its tradition of making a thing hotchpotch at the first instance and then to go for one after another amendments. Whenever it intends to frame a new law which is supposed to effect the entire population & communities, it forgets the average capacity of acceptance of the masses and uses its extraordinary intelligent adulating ones with no practical ideas putting the entire nation in deep trouble and opening doors for the profiteers to loot the common man and that is what happening since 01.07.2017. Incidentally, our intelligent finance minister has kept himself away from making his valuable comments on the aftermath of GST implementation. more
Sep 06
