Government is asking for an interest on delay of payment of GST @18% (Please clarify is it 12 or 18% p.a.). Whether it is calculated on daily basis or we have to pay 1.5% on monthly basis.If there is a delay of merely 3 days should we pay interest for whole month @1.5% more
Till Government does not streamline Refund process, I believe they should not be charging any penal interest either for delayed payment up to a week at least. Is there no accountability for delay on govt side. Why only tax payer is penalized for delay? more
govt has brought his GST in haste and hurry and for SME it is big task and finding it very difficult and need to pay hefty fees to experts like CA's/Tax consultants and without understanding facts some people comment it is simple & good tax but in reality it is complex in nature !! secondly till the people get adjusted to this new system govt should not levy any penalty/interest !! more
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...
7 years post the launch of GST I must tell you that most retail services businesses in India still evade it and Govt has failed to do anything. From ac repair fellow to caterers and from...
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...
Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...
By Sudesh Rai
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