Forget of small fish a big fish (no. 1 rich person of India) in Bangalore was not filed their GST Return for a year and our tax dept., was wakeup only after a year and able to collect tax/penalty only 60-70% and balance still not paid, this is the scenario in India, only big talks no real checking, there are many socalled big fish and socalled highly intelligent sector are tax cheaters so compare to them these small fish are nothing !! more
Collecting tax and not remitting to the govt is criminal offense like tds, our govt is not competent enough to arrest those culprits and only harass SME sector !! alas! god save this country !! I wonder everybody is silent about big cheaters and always complain about small traders !! more
The padding up of GST over MRP is a clever idea of traders, and, might be due to the fact, the local GST officers might have ignored this practice. PLEASE NOTE THAT NOTHING CAN BE DONE. In India the cleverest people are villains and not the police or tax admn. M.Balachandran vare still in their k have the active "?????" of the local GST On Mon, Jul 16, 2018 at 10:07 AM, Shailesh Deshmukh < support@localcirclesmail.com> wrote: > more
This disease of not giving the Bill to the customer prevails all over India. Doctors, in small clinics, are using it as a means to make more earnings. They know it well that the patients, in their plight, will be hesitant to ask for the Bills. Likewise, small retailers/ traders resort to a similar malpractice. Organized raids by GST department & imposing very heavy penalties on the concerned seller/ service provider, and publishing their names on the web is a possible solution. Alternatively, depositing a minimum amount of GST every month, based on different businesses, should be made mandatory. For example, no doctor even in a small clinic shall be attending to less than 10 patients per day, each paying a consultancy fee of minimum Rs 200/-. Thus on a monthly billing of Rs 50,000/-, the GST should be payable at the prescribed rates. I am sure the experts do have better solutions to these riddles, but any policing solutions which incorporate humans as inspectors will fail miserably since we, the Indians, have inherited the legacy of falling a prey to corruption. 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...