GST Lacuna : Department’s fault
If one goes to any small sized Chemist, Provision, or some such stores, one finds that for the purchases made, GST is charged over and above the MRP, and a hand written bill is given for a lump sum total, without specifying the GST.
This is looting, and thanks to the department handling the GST, for the reasons given below :
It has been stressed that 17 Taxes and 23 Cess have been discontinued to have a single GST. Great. But the people who had been handling these 40 types are all not required for the single GST, especially when it is done through online operations.
These people should be made into a vigilance team having a centralized command office with at least one mobile phone available for the office use.
Each person can moveout in the areas not earlier covered by him for the tax/cess he/she had been handling, and without disclosing the identity, should purchase an item or two, get the hand written cash memo for the amount charged, take a snap on his own mobile, send it to the centralized office mobile number, and then disclose his/her identity to ask for the explanation.
I may be wrong, but in my opinion, such traders also avoid declaring their true income and hence do not pay the Income Tax. But if the GST application is made correctly with proper vigilance, the traders so caught shall also are likely to come under Income Tax net.
If I can think this, many others would have thought it. Then why has this not being done, and why a common citizen is made to exorbitant prices.
Make these Tax/Cess officer responsible by giving them targets to find such traders, and not only the Tax collection for GST, but also for Income Tax shall go up, as the snap received at the centralized office can commence separate investigation. more
This is looting, and thanks to the department handling the GST, for the reasons given below :
It has been stressed that 17 Taxes and 23 Cess have been discontinued to have a single GST. Great. But the people who had been handling these 40 types are all not required for the single GST, especially when it is done through online operations.
These people should be made into a vigilance team having a centralized command office with at least one mobile phone available for the office use.
Each person can moveout in the areas not earlier covered by him for the tax/cess he/she had been handling, and without disclosing the identity, should purchase an item or two, get the hand written cash memo for the amount charged, take a snap on his own mobile, send it to the centralized office mobile number, and then disclose his/her identity to ask for the explanation.
I may be wrong, but in my opinion, such traders also avoid declaring their true income and hence do not pay the Income Tax. But if the GST application is made correctly with proper vigilance, the traders so caught shall also are likely to come under Income Tax net.
If I can think this, many others would have thought it. Then why has this not being done, and why a common citizen is made to exorbitant prices.
Make these Tax/Cess officer responsible by giving them targets to find such traders, and not only the Tax collection for GST, but also for Income Tax shall go up, as the snap received at the centralized office can commence separate investigation. more
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Oct 31
As per above 17 taxes and 23 cess has been discontinued is only for name sake.We are not feeling any benefit out of it.Presently GST is levied over and above these taxes and cess thats what we feel. more
Aug 25
Though GST is a very good economic reform, still there are many lacunae in it like collecting tax on MRP, suppressing the threshold limit, self declaration of supply amount in composition scheme, no need of any amount B2C invoice uploading in intrastate supply. Now I am discussing the points of loophole----- 1. In case of MRP goods, gst can no way be charged on MRP price, tax may be charged on transaction value which will always be lower than the MRP price. There remains a huge amount of discount in all MRP goods (highest in drug & medicine) for the sellers whose benefit is never given to the consumers. 2. Many business people will never disclose their actual business transaction as like the previous regime, they always suppress the original sale figures. In VAT regime, it was very much evident that the registered dealers were taking full ITC on purchases, but not showing all the sales in books (keeping false stocks) and hence output were always less than the inputs in majority cases. In gst, registered suppliers will not be able to suppress except unrecorded transactions, but for the unregistered persons instead of having above 20 lac business transaction without GSTIN, perhaps no action plan is yet to be formulated. 3. In case of composition scheme, if actual transaction remains 70 lac and the supplier discloses 40/50 lac, what action to be taken against them is still not clear? 4. As there is no provision for intrastate B2C invoice uploading of higher amounts & interstate B2C invoice uploading up to 2.5 lac, the unregistered persons may purchase goods in different names and may continue their business without GSTIN. PAN/AADHAR number to be taken compulsorily through inclusion of legal provision in case of transaction above Rs 50000/ For repairing all these loopholes, the GST Council has to think properly and to activate the government machinery accordingly. Government always keeps faith on the business community, but result never comes to the point of expectancy. Lets see what happens in future. more
Aug 24
