As our media uneducated politicians and corrupt businessmen are telling us about ill effects of GSt, let us accept them and reintroduce CST and octroi. If these levies do not result in any benefits why discontinue them and loose revenue. It is right time to levy 2% cst and octroi as there were wrongly discontinued. more
Surprised to see the post recommending re-introduction of CST and Octroi. In fact the GST itself was ill-conceived misguiding the citizens that prices would fall down. Over and above levy of other taxes being recommended. Strange!! more
Your comments are absolutely correct. The hue and cry is by those who were indulging in corrupt practices like tax evasion and underhand dealings. It is a shame for all of us that we glorify corruption and tax evasions and don't want correction measures under taken by the present Govt. There could be teathing troubles but that should not dishearten us in implementing GST. R C Berry more
Wrong notion about GST no step back or reintroduction of old CST system which is nothing but corrupt practice/rule and checkpost/octroil people have amassed wealth illegally, it will take sometime for GST to streamline and let us hope this govt & forthcoming govt will never levy any penalty for any mismatch etc., as India is vast country comparatively to other GST implemented countries so till people adhere to new tax system it is bit difficult and nothing wrong in GST system !! more
To get goods @ 2% CST Purchaser is required to issue C Form to the Supplier. Do you know the hassles in getting C Form from the purchasers? it is a harrowing task. You don't get from all. To that extent you suffer loss. Never again CST. more
First you study GST objectives , You can find thar it is one of the most complex taxation system implimented successfully. This is being introduced first time in a diversified country like India targeting to better direction. There may be flows and that to be rectified. These flows are created by people like us by wrong billing at restaurants and other places etc etc. There is nobody wants to reintroduce CST and Octroi which is the most corrupt point of action. These days , You can find that there is no need of waiting at Check posts and Octroi points with Bribes .. Goods transportation is fast and easier. Anybody wants to reverse . more
Time limit for making Refund Application A person claiming refund is required to file an application on the GST Portal in Form GST RFD-01 before the expiry of two years from the “releva...
Car is a fixed asset , it depreciates. If you sell a used car either you make profit or loss. Hence it should be subject LTCG/STCG tax only if you make profit. How is selling a used car misco...
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...
By Sudesh Rai
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