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Showing posts with the label GST

GST V/s Country Growth

Since the implementation of GST (Goods & Service Tax) some of the following questions pending are as under :-

It is not clear that whether it is useful for country growth or NOT?

Did government revenue has increased in comparison to VAT or NOT?

Does GST stopped the trade cycle of business?

I think in starting month of implementations traders, businessmen and others have paid more taxes due to less knowledge and fear and government tax collection increased but due to political interference and increased knowledge the tax collections reduced later on.

When E-way bill is made mandatory it will definitely increase the revenue collection of government.

Probable date of launching E-way bill is 1st April 2018 as per the unconfirmed news.

I think business houses will increase their margin under cover of E-way and needs
to pay more taxes to get abided by law and surely it will be a nice move.
HOPE THE FAIR BUSINESS PRACTICE WILL INCREASE!

DOES EWAY BILL WILL BE LAUNCHED ON 21ST FEB. 2018

IS EWAY BILL WILL BE LAUNCHED ON 21-02-2018 NOW?

E Way Bill - 24th GST Council Meeting - 1st Feb (INTER State)

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Goods & Service Tax (GST)

GST implementation has completed 3 months in India and government is pushing many efforts for smooth functioning of it but traders all over India are protesting against it, may be due to slowdown and problem arising out of money demonetization. The fall down in GDP growth has given a chance to political opponents to speak against GST. On the part of government the failure of GST Website, technical issues, other issues had created a situation of harassment for GSTIN holders. The HSN code wise details, stock details, bill wise details for retailers and small shop keepers is really a big problem as they have to invest too much time in record generation, maintenance and keeping.
I think the government must push some computer and IT experts to solve down the issues faced by taxpayers in filing of GST returns and number of returns which needs to be filed every month should be brought down to single return per month. Tax may be collected every month via GSTR-3B and other complete details ma…