GST
This fundamental difference our learned pundits fail to understand.
for a business less than 25 lacs per annum forms should have only details on inward bills and out ward bills.why fill so many forms for no tangible results.
again penalty on day basis for late filing is like different rates of interest with private lenders which killed many borrowers and govt came heavily on them.
For a small GST member with less than 25 las business per annum should be encouraged for his genuine interest to comply with govt formalities and he should not be targeted as soft targets. more