Goods & Services Tax (GST) Updates

[ijsa]

Though I am not feeling envious for all the joy you are getting.

But real fun would have been if the BJP Govt. would have made mandatory for all the citizens to file all their purchases on the GST Portal and start penalising them(Common citizen/ Consumer) for non receipt GST.....GST given by consumer but not filed/ gobbled up by the dealer.......

 

[amish]

I am not getting any joy... I was being sarcastic.

Its so much compliance burden. Its crazy.

And so many rule changes, tax rate changes.

Still to file
GSTR2, 3 (July month)
GSTR1, 2, 3 (August month)
GSTR3B, 1, 2, 3 (Septermber month)

8 more returns to be filed but no clarity on due date.

And after that quarterly return will start but again there is no clarity on how. If it will be GSTR1, 2, 3 for quarter OR just due date will be quarterly but filing will be needed for each month. (just like right now)


Not to forget TDS / TCS returns are already due.
ITR6 return is deadline is also around the corner
3-4 MCA returns also to be filed

Hahaha (again laughing at life given by Modiji)

 

[dextermorgan]

many people I know just gave up and appointed a CA to file their taxes. CA's also jacked up their prices quite a bit these days

 

[amish]

I bought Dell laptop in July from ONLY official online dealer with GST bill.

Till date they havent uploaded the invoice. (I dont see it in GSTR 2A)

I had shot email to them asking if they are going to file GSTR.

Their reply was "we will file it as per our timeline"

Which is fine and acceptable.

But such a big company and still havent filed the return is not right.

I am sure now i will have to claim it in GSTR2 and then HOPE that they accept it.

I am not sure what happens if I claim it and they refuse it.

Does anyone know?

 

[Sushubh]

GST spells doom, performing artistes seek CM’s intervention - Pune Mirror -

 

[Sushubh]

GST regime brings new cash management system for govt expenses

 

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[IBF]

Source

 

[Sushubh]

India’s transition to GST fairly smooth despite attempts to derail it: Arun Jaitley | business-news | Hindustan Times

 

[IBF]

Source

 

[IBF]

Source

 

[IBF]

Source

 

[Sushubh]

GST will be reviewed once Rahul Gandhi becomes PM: UP Congress chief Raj Babbar

i have full faith in inc. lol.

 

[Sushubh]

After GSTN, e-way bills could be another IT disaster in the making

 

[amish]

https://www.gst.gov.in/newsandupdates/read/147

In this advisory they do not address the most important concern.

What if supplier does not accept invoice at all (as if not issued)?

Who to approach for dispute?

I have already paid tax and also claimed it in GSTR3B.

Supplier has nothing to lose. He already got his money (plus taxes which he did not pay to government)

No clarity on this. And I believe this is where frauds will happen.

 

[Sushubh]

Ludhiana auto parts traders fear they won’t survive post-GST crash