Let us not be concerned about such small scale evasion where cost of monitoring does not justify the recovery. However, such billing if carried out on large scale would get detected when returns are filed for the month of June. Where unusual turnover would be noticed, the returns can be taken up for scrutiny. more
This is our character . Government can do what it can . Government has neither will nor resources to stop malpractices so rampant in our trading community. The Government must force a deadline to submit June sales invoice numbers so that these practices can be curbed. Do we know that all GST or VAT paid by us reach government ? I have grave grave doubt. more
How? I thought gst is applicable to goods purchased by retailers after 01 Jul. For goods purchased earlier they have to be sold at earlier rates with earlier taxes and separate return filed for them! And if the goods are purchased after 01 Jul, it can't be shown as purchased earlier since then there will be mismatch in returns of retailer and wholesaler from whom the retailer purchased. more
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By Suresh Dasarathy
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