Goods & Services Tax (GST) Updates
- Thread starter Sushubh
- Start date
- Replies 1,102
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Real issues will start coming from tomorrow.
When there will be fight between dealer and dealer.
Purchaser will complain supplier (about GSTR1)
I know there is way to correct it --- but this is going to repeat every month / quarter ... some or other dealer will file wrong details and purchaser will have to be alert and verify everything.
GSTR1 itself is so cumbersome and now they need to verify GSTR2 and if anything wrong then correct it OR add data on behalf of supplier and then supplier should approve it too and then again verify in GSTR3
Hahaha! It is going to be fun for all citizens.
We wont have anything to do but follow up with suppliers and keep checking / filing GST returns
When there will be fight between dealer and dealer.
Purchaser will complain supplier (about GSTR1)
- For non-filing of GSTR1
- For missing to report invoice or invoices
- Wrong ITC credit or tax amount filled
- Mixing up GST percentage. e.g. figure for 5% added in 12% column and vice versa
I know there is way to correct it --- but this is going to repeat every month / quarter ... some or other dealer will file wrong details and purchaser will have to be alert and verify everything.
GSTR1 itself is so cumbersome and now they need to verify GSTR2 and if anything wrong then correct it OR add data on behalf of supplier and then supplier should approve it too and then again verify in GSTR3
Hahaha! It is going to be fun for all citizens.
We wont have anything to do but follow up with suppliers and keep checking / filing GST returns
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.......
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.......
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)
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
I got banned!
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
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?
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?
