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Author: Arisudan Tiwari

GST: Key questions and concerns

GST: Key questions and concerns

GST- Key questions and concerns

Four months since the launch of the goods and services tax (GST) a number of concerns and questions remain:

States’ rights

The GST Bill has not infringed on the rights of the state legislatures. In fact, the amendments to the Constitution have been made by consensus and all states have agreed to the GST scheme. It is also gratifying that all decisions of the GST Council have been unanimous so far. The state legislatures have obviously agreed to the GST scheme because the levy of value-added tax (VAT) on alcohol and petroleum products has been left out of it, whereby a substantial part of the revenue accruing to the states continues to be protected as state subjects. At the same time, accommodating the demands of the states has weakened the GST regime by making it complicated. It has also resulted in very high rates of taxation including GST rates of 28 percent and above.

Exemption limit

The announced exemption for firms with a turnover below Rs 20 lakh is very low and will not ensure the protection of the informal sector. Further, the reverse charge mechanism (RCM) is a serious blow to the informal sector and it has reportedly resulted in very small units being affected since larger units are reluctant to buy from them because of the RCM. Fortunately, this mechanism has been postponed until March 2018.

GST and GDP growth

The GST scheme was expected to increase GDP growth. But the complicated structure and the initial infrastructural problems have resulted in several units of all sizes facing difficulties in compliance. There are also reports that the manufacturing sector has experienced a slowdown and exports have been affected because of goods and service tax issues. The need for payment of the GST at the outset and for claiming the refund at a later point in time has also impacted cash flow. For the present, the GST scheme will not give any boost to GDP growth.

Gold bullion, real estate, and alcohol

Traditionally, the bullion and jewellery sector has been subjected to very low rates of tax because of difficulties in compliance and the largely unorganised nature of business in this area. The tax rate of 3 percent is a continuation of a similar rate that prevailed at an earlier point in time.

As far as the real estate sector is concerned, there is no justification for keeping it outside the ambit of the GST. Indeed, housing is an extremely important segment of the economy and including housing in the GST would have benefited housing projects for weaker sections. By excluding housing from the GST, the cost of individual apartments is bound to go up and this will particularly hit the lower middle class. When all inputs like cement and steel are subject to the GST and when renting of immovable property is also subject to the GST, there is no justification in disallowing GST on the ground that the houses which are constructed are immovable property.

At the same time, alcohol was kept out of the GST because of political compulsions and because it is a substantial source of revenue for most states. They would not have parted with the right to levy taxes on potable alcohol and without this concession the GST would not have been possible.

Gainers and losers

At present, it is still uncertain as to who will gain or lose in the long run from this major tax reform. It is likely that large sectors may benefit because of input credit on both goods and services and elimination of interstate trade barriers. This is a theoretical advantage but may get partly affected because of complex legal structures. For example, the e-way bill may create problems in transportation which will offset any benefit that has arisen because of abolishing octroi/entry tax or check posts. At present, the informal sector units are affected by the GST scheme as they do not have the capability of electronically complying with complex procedural requirements. Further, serial classification disputes are also likely to arise because of multiple tax rates.

Simplifying the tax system

The tax system will have to be simplified; the present complex system cannot continue. There is already an indication that multiple tax rates will have to be reduced and the maximum rate has to be brought down. Unless there is the procedural simplification, the compliance costs will become quite heavy. There is a need to eliminate several provisions which do not serve any purpose. For example, the need to file three monthly returns is a provision which does not exist anywhere in the world and there is no reason why Indian businesses should be burdened with this onerous requirement.

Are we ready for GST?

India was not ready for GST on 1 July 2017. It would have been better if the GST had been introduced on a trial basis or like a pilot project and then suitably amended to ensure a relatively painless transition to the new regime. Unfortunately, the entire nation was required to shift to a completely new regime which was procedurally complex. There was inadequate electronic infrastructure both with the assessees as well as the government. Further, frequent changes in the rules and rates of duty added to the difficulty in having a workable software system. It is hoped that these technical problems are sorted out in the next few months.


Originally Written By Mr Arvind Datar (senior advocate and legal scholar)
Source: Idea For India
Karnataka CM Siddaramaiah seeks GST exemption on handmade products

Karnataka CM Siddaramaiah seeks GST exemption on handmade products

Karnataka Chief Minister Siddaramaiah on Thursday urged the central government to exempt handmade products from Goods and Sales Tax (GST) regime.

GST exemption on handmade products

“As handmade products are produced by millions of artisans across the country, the imposition of goods and service tax on them is having an adverse effect on their livelihood. The GST Council should exempt them from the new tax regime at its next meeting,” said Siddaramaiah in a letter to Union Finance Minister Arun Jaitley.

Terming the burden of Goods & Service Tax on artisans and rural households a critical issue, the Chief Minister said the Council should deliberate on it on priority and provide relief to them (artisans).

Under the GST, handmade products are taxed between 5-28 percent since the new tax regime was introduced on 1 July across the country though majority of them (goods) are produced in the rural and informal sector by millions of people.

The letter was written on a representation from the Gram Seva Sangh committee to the Chief Minister, seeking GST exemption on handmade goods made and marketed by producer cooperative societies and their federations in the country.

The committee consists of noted activists Ashish Nandy, Uzramma and Shyam Benegal among others.

“Exemption from GST will not only benefit a large segment of our rural population, but also give a boost to rural employment and sustainability,” asserted the letter.

State Agriculture Minister Krishna Byre Gowda is Karnataka’s representative on the federal GST Council, headed by Jaitley as its Chairman.

“The representation requires urgent consideration and a positive resolution,” added the letter.

On the Chief Minister’s assurance of the state’s support to the artisans’ demand for zero percent GST on handmade products noted Kannada theatre artist and social activist Prasanna broke his six-day ‘satyagraha’ (hunger strike) here on Thursday evening by sipping tender coconut milk.

Source: First Post
Items In 28% GST Rate Slab Needs To Be Pruned, Says Hasmukh Adhia

Items In 28% GST Rate Slab Needs To Be Pruned, Says Hasmukh Adhia


The number of goods in the highest 28 per cent GST slab would be brought down and a committee of officers will calculate the revenue impact before going in for further reduction in tax rates, Revenue Secretary Hasmukh Adhia said today.

“It is required, the fitment of rates which has happened is mainly based on excise and VAT,” he said when asked if the GST Council is considering pruning of the number of items in 28 per cent tax bracket.

Goods and Services Tax (GST), rolled out from July 1, has subsumed over two dozen taxes and has transformed India into a single market for seamless flow of goods and services. All goods and services have been fitted in the four-tier GST rate structure of 5, 12, 18 and 28 per cent.

Adhia said while fitting the goods and services in various tax bracket, the GST Council has taken into consideration only the excise duty and VAT rate applicable on those items prior to GST.

“There are industries where 95 per cent of production used to take place in MSME and all of them used to avail excise duty exemption. So that means the excise rate we have taken for that item is only theoretical in nature and actually we have done a substantial increase in the rate of that item.

“That way it is being pointed out that it is a theoretical rate which has been derived, there is a need for rationalisation. Instead of doing a piecemeal reduction here and there, we do need to look at the entire rate of 28 per cent,” Adhia said at a GST Townhall organised by CNBC TV18.

There is definitely a scope for rationalisation of rates but it will happen only after the fitment committee does a detailed calculations of its revenue impact.

“The fitment committee will have to look at how much revenue we got from this items from excise and VAT earlier before we agree to any further wholesale reduction of rates. If we find that revenue reduction is too much, we may have to do that in stages,” he said.

Adhia also said that in the last 30-40 days glitches faced by GST Network software has reduced and there would be no leniency shown on businesses for delayed filing of returns.

Asked if the government is planning to waive penalty for delayed filing of GST returns, Adhia said “it cannot be a consideration because the moment we say we will not take any penalty till March, the compliance rate will come down further. How can we say that file return whenever you want till March.”

Read: Government grappling to pinpoint reasons for low GST compliance

He said that any waiver, if at all is to be given, will be post facto. “It can’t be immediate. It is now absolutely essential that we bring discipline in businesses (for timely filing of returns)”.

As many as 55 lakh businesses had filed the initial GSTR-3B returns for July, the number was only 46 lakh who had filed final returns for the month.

Besides, 48 lakh businesses had filed initial GSTR-3B returns for August and till today morning 10 lakh businesses had filed 3B returns for September.

The government had earlier waived late fee for all taxpayers who could not file GSTR-3B for July within due date in view of glitches in GSTN portal.

With regard to bringing real estate within GST, Adhia said it would require that businesses can claim seamless credit of any taxes paid for a project.

“Now for that to happen, you will have to start taxing it from land itself. Land has to be part of GST. Now there are several issues connected with that. Issue of whether you want to put an extra GST on real estate while continuing with stamp duty. Stamp duty is a big source of income for state government,” he said.

Also Read: GST panel to meet MSME representatives in October end to ease tax rigour

Finance Minister Arun Jaitley had last week said real estate is a sector where maximum amount of tax evasion and cash generation takes place and the GST Council in its next meeting on November 10 will discuss bringing it within the fold of GST.

A 12 per cent GST is levied on construction of a complex, building, civil structure or intended for sale to a buyer, wholly or partly. However, land and other immovable property have been exempted from the GST.

XaTTaX: Cloud and On-Premises Based GST Filing Software For India

Source: ET

Government grappling to pinpoint reasons for low GST compliance

Government grappling to pinpoint reasons for low GST compliance


Even more than 100 days after Goods and Services Tax (GST) kicked-in, the government is still trying to figure out the reason behind low compliance.

One of the biggest challenge for the government since GST’s implementation has been the issue of non-compliance as some assessees had difficulty in coping with it because it was a new system with a somewhat complicated return filing format.

Around 70 percent of the assessees under GST had filed detailed sales returns (GSTR1) for July, while about 64 percent did so for the summarised return GSTR3B in August.

Around 90 percent filed GSTR3B for July. There are 91.86 lakh tax payers who have fully transited to GSTN, out of which more than 15 lakh are not eligible as they have opted for the composition scheme that is meant for taxpayers with an annual revenue turnover threshold of Rs 1 crore.

While the government is currently conducting a survey to ascertain the reason for lower-than-expected return filing, but the rationale behind non-filing of returns could be completely different from what could be the obvious reason of a tendency to evade tax or a complicated tax return filing process.

Out of the total number of registered taxpayers, around 15-20 lakh assessees have been migrated to GSTN without being eligible, a senior government official told Moneycontrol.

“Poor compliance may not necessarily be tax evasion. For example, some tax payers who were registered under service tax regime have shut businesses. They have been automatically migrated to GST Network (GSTN), but they cannot de-register,” the official explained.

Currently, GSTN, the information technology (IT) backbone of GST, is working towards introducing a feature, which will enable businesses cancel their registration, if they decide or has already exited or wrapped up the business.

Read: GST panel to meet MSME representatives in October end to ease tax rigour

Under GST, an assessee can have nil taxes, but has to mandatorily file tax return.

According to experts, lot of assesses are not required to file returns because of a string of writ petitions.

For instance, legal services are under reverse charge mechanism (RCM) now and are not required to file tax returns. Such assessees would be waiting for an updated circular as the government has deferred RCM till March 31, 2018.

Reverse charge is a mechanism where the recipient of the good or service will have to pay GST, which is otherwise paid by the supplier. The charge is applicable on a registered dealer, if he buys goods from a dealer not registered under GST. However, the receiver of the good is eligible for input tax credit, while the unregistered dealer is not.

Also Read: GST composition scheme – GoM consensus on providing relief to small restaurants

“The main reason is not non-compliance. But lot of people have to be migrated out of GST. The predominant reason could also be that a lot of exempted suppliers will be out of the GSTN. They have been automatically migrated. The sheer drop in compliance is not only because of non-filing, but there could be other reasons also,” Abhishek A Rastogi, Partner, Khaitan & Co.

“There are a lot of exempted suppliers who have been automatically migrated to GSTN. They are not required to file returns. The system doesn’t allow them to de-register themselves,” Rastogi said.

If one weeds out ineligible tax payers, around 20 lakh payers would not be a part of the tax base, with very few defaulters, who may file returns later.

According to Pratik Jain, Partner and Leader Indirect Tax, PwC India, many dealers who have the GST registration but have nil turnover and hence have not filed the return.

“The government will have to investigate the reasons for low level of compliance and take corrective steps,” Jain said.

Ease Your GST Filing & Invoice with XaTTaX GST Software

Source :  Money Control
GST panel to meet MSME representatives in October end to ease tax rigour

GST panel to meet MSME representatives in October end to ease tax rigour


A five-member ministerial panel set up by the federal indirect tax body, the goods and services tax Council, will meet representatives of micro, small and medium enterprises (MSME) at its second meeting on 29 October to seek views on how to make compliance in the GST regime easier for them.

The panel tasked with suggesting ways of making the quarterly tax payment scheme for small businesses more attractive wants to consult SMEs to make its recommendations as broad-based as possible before they are placed before the Council to take a decision at its meeting on 9 November.

Read: GST composition scheme: GoM consensus on providing relief to small restaurants

The GST Council had at its last meeting on 6 October allowed firms with up to Rs1 crore annual sales to sign up for the quarterly payment scheme, up from the earlier Rs75 lakh and exempted inter-state service providers with sales up to Rs20 lakh from the need for GST registration. A similar relaxation is under consideration for the inter-state sale of goods without registration if turnover is below Rs20 lakh.

“The issues small traders were facing in the GST regime have been taken care of by the relaxations already announced at the last Council meeting. A lot of MSMEs with sales up to Rs1.5 crore, who, in the earlier regime had enjoyed excise duty exemption, have come under GST because of the Rs20 lakh sales threshold for GST registration. We want to consult small manufacturers on the issues they face in the new tax regime,” a person privy to the discussions in the panel said, on the condition of anonymity. The panel, which also looks into the taxation of restaurants, met on Sunday.

Read: Centre working on mechanism to speed up GST refund for exporters

The Council is taking extra care to resolve all the difficulties faced by the MSME sector because of its significant contribution to the economy and employment. According to data published by the ministry of MSMEs in 2011, the sector accounts for 33% of India’s manufacturing output and 36 million such enterprises employed more than 80 million people. Their contribution to the economy is believed to have gone up since.

The ministerial panel members are Assam finance minister Himanta Biswa Sarma, Bihar deputy chief minister Sushil Kumar Modi, Jammu and Kashmir finance minister Haseeb Drabu, Punjab finance minister Manpreet Singh Badal and Chhattisgarh commercial taxes minister Amar Agrawal.

GST Ready Invoicing Software – Generate GST Compliant Invoice

Source :  Livemint
Centre working on mechanism to speed up GST refund for exporters: C.R. Chaudhary Minister of State for Commerce & Industry

Centre working on mechanism to speed up GST refund for exporters: C.R. Chaudhary Minister of State for Commerce & Industry

GST Refund

The central government is working on mechanisms to further speed up the GST refund process for exporters, a minister said on Sunday.

“We are evolving a mechanism. We are trying to further reduce time for refunds,” Minister of State for Commerce & Industry C.R. Chaudhary told the media here on the sidelines of the inaugural session of the 186th AGM of the Calcutta Chamber of Commerce.

In a relief to exporters, the government recently announced that it would immediately refund exporters for the month of July and August through cheques from October 10 and October 18, respectively.

Also Read: Could the Government’s initiatives make GST a simple affair?

Following a GST Council meeting, Union Finance Minister Arun Jaitley told reporters that this would be an interim relief, and as a long-term measure e-wallets will be created for all exporters by April 1, 2018, to carry forward the refund process.

Chaudhary said large-scale reforms like GST will often lead to hiccups and inconvenience during inception but it will be beneficial in the long run.

“Rise in export data for September shows that initial hiccups of GST roll out is stabilising,” he added.

GST Ready Invoicing Software – Generate GST Compliant Invoice

Source : The Times of India
Could the Government’s initiatives make GST a simple affair?

Could the Government’s initiatives make GST a simple affair?

Make GST Simple

It’s been barely three months since the introduction of the Goods and Services Tax (GST), the good and simple tax law has been further simplified. The Hon’ble Prime Minister Narendra Modi also stated that the decisions taken by the GST Council in its twenty-second meeting have evoked the mood of Diwali festival for taxpayers.

The government was flooded with several representations primarily from the exporters as well as Small and Medium Enterprises (SME) on the varied challenges faced by them in the first quarter of GST implementation. The trader community especially merchant traders/exporters were facing serious concerns on account of blockage of working capital and delayed refund of the taxes paid on export of goods or services. The taxpayers were finding it difficult to undertake compliances correctly due to system issues and they were puzzled by the complications in the return filing process, reverse charge on procurement from registered suppliers, etc.

Taking a note of the increasing dissent in the exporter and trading community, the GST Council has taken several decisions which are expected to benefit the exporters and SMEs and is intended to ease the compliance burden. Some of the key decisions taken by the GST Council especially for exporters include the extension of the upfront exemption from IGST on procurements available under various schemes such as advance authorisation, Export Promotion Capital Goods Scheme and 100% Export Oriented Units (EOUs). The exemption will apply to the procurement of goods whether imported or sourced indigenously. However, the said benefit is not extended to the procurement of services. As the contribution of services sector increases in the economy, the exporters would have rejoiced had the scheme extended to cover the procurement of services as well. Further, in the absence of any specific notification, it is not clear whether the service export units (such as Software Technology Parks of India /Service EOU) can avail the said exemption.

Another attempt made to alleviate the burden of working capital for merchant exporter was to reduce the GST rate on the procurements made by such exporters to a marginal rate of 0.1%. The GST Council has also announced that the refunds of the IGST paid on exports in the month of July 2017 will be paid/cleared from 10 October 2017 and that for the month of August 2017 will be cleared from 18 October 2017. The authorities also issued a Circular on 9 October 2017 clarifying the procedural aspects for grant of refund to exporters. Trade and industry will celebrate the festival of lights if the burden of working capital is made lighter by actual grant of refund within the timelines announced.

Also Read: GST composition scheme: GoM consensus on providing relief to small restaurants

Further, the decision to defer the compliance under the reverse charge mechanism applicable for procurements from unregistered suppliers till 31 March 2018 is a welcome relief. However, the trade expects that such reverse charge mechanism should be withdrawn completely and not deferred only for a few months.

Contrary to the industry demand for the abolition of the e-way bill system, the GST Council has decided to implement the same in a staggered manner from 1 January 2018 and on an all India basis from till 31 March 2018. The industry believes that given the stringent control and penal provisions for issuance of invoice/delivery challan for every movement of goods, the requirement for e-way bills could unnecessarily lead to additional compliance burden and not contribute to the ease of doing business in India.

Small enterprises can rejoice as the limit for composition scheme has been enhanced to INR1 crore in a move to provide relief to a large base of small taxpayers. Also, the SME sector has been granted the facility to furnish tax returns and tax payments on a quarterly basis instead of a monthly return/payment. However, all the taxpayers will have to file the monthly returns for the first quarter and the benefit of quarterly returns can be availed only from the quarter of October-December 2017. Thus, all taxpayers will have to experience the online matching concept and monthly return for the first quarter ending in September 2017.

Read: Are businesses really facing problems or is it just another political stunt with GST?

Unlike the erstwhile regime, the time of supply of goods also includes the receipt of advance and this has affected small dealers and manufacturers as they had to prepay the GST. Therefore, the GST Council has granted a waiver from payment of GST on receipt of advances. Now, small dealers and manufacturers having an annual aggregate turnover upto INR1.5 crore shall be liable to pay GST only on actual supplies of goods and not on advances received. This can also help eliminate the issue of non-availability of input tax credit albeit only for a small section of the taxpayers. Even the Tax Deducted at Source (TDS) and the Tax Collected at source (TCS) provisions are deferred till 31 March 2018.

Besides the above key measures, the GST Council has also rationalised the applicable GST rates for many products in line with the industry representation. The noteworthy items primarily include food items, unbranded ayurvedic/homoeopathy medicines, man-made and synthetic/artificial filament yarn, e-waste, etc.

Another crucial matter for the manufacturing sector is the uncertainty on the quantum of area-based incentives including incentives offered by states under the state industrial policy. Though recently a notification to the effect was issued in the public domain by the central government, the stand of state governments is not clear.

Read: Tracking the GST that you pay is now at your fingertips!

While some relaxations announced by the GST Council are a step in the right direction, however, the job is not yet done. These measures are primarily aimed at the SME sector and all other taxpayers who have an annual turnover of more than INR1.5 crore will still be required to comply with stringent compliance under GST. Besides this, there are several other challenges which the industry is facing especially with regard to a stabilisation of GSTN/technical glitches and it is expected that the GST Council will accord due importance to these issues to help ensure that the real intended benefit of GST is enjoyed equally by the trade and the consumer. These steps in a continuous dialogue between the government and trade can really make GST, in a true sense, a Good and Simple Tax.

Ease Your GST Filing & Invoice with XaTTaX GST Software

Source: Forbes India
GST composition scheme: GoM consensus on providing relief to small restaurants

GST composition scheme: GoM consensus on providing relief to small restaurants

GST compostion Scheem

In an extension of the relief measures taken by the Goods and Services Tax (GST) Council in its October 6 meeting, the Group of Ministers (GoM), constituted to make the composition scheme more attractive, broadly agreed to provide more relief for small and medium businesses in its first meeting held in Delhi on Sunday. The five-member committee is learnt to have agreed upon the need to reduce the GST composition rate for dhabas/roadside eateries/small restaurants, from the existing 5 per cent and also, have a differential GST rate for non-AC restaurants, a state finance minister who attended the meeting said.

Also, the GoM, convened by Assam’s finance minister Himanta Biswa Sarma, has agreed to invite representatives from the micro, small and medium enterprises (MSMEs) in the next GST Council meeting to incorporate their views while deciding on some more relief measures for the MSME sector.

“The broad consensus of the meeting was that there is a need to provide more relief to the smaller businesses. Tax rate for restaurants should be differential, such as the GST rate for restaurants, other than those in luxury hotels, should be lower than the existing 12 per cent (for non-AC restaurants). It was also discussed that the GST rate for restaurants under the composition scheme should be lower than (the current rate of) 5 per cent so that the dhabas/roadside eateries/small restaurants benefit from it,” the state finance minister cited above said.

The recommendations of the GoM regarding the composition scheme will be taken up in the next meeting of GST Council that is scheduled to be held early next month, the state finance minister said.

In its last meeting held on October 6, the GST Council had taken a slew of measures to significantly reduce the compliance burden of small companies and traders by allowing them to file quarterly returns instead of monthly submissions, expanding the scope of the Composition Scheme and making it easier for exporters to claim tax refund.

Also, finance minister Arun Jaitley had announced that the Council had decided to set up a Group of Ministers to “make the composition scheme more attractive”. The terms of reference for the GoM include examining whether turnover of exempted goods can be excluded from the total turnover threshold for levying tax under the Composition Scheme along with looking into the tax structure of different categories of restaurants, with “a view to their possible rationalisation/reduction”. The GoM will also examine if inter-state outward supplies of goods can be a part of composition scheme and if input tax credit can be allowed to registered taxpayers receiving inward supplies from composition dealers.

The measures taken for the MSME sector by the GST Council earlier this month included increase in the turnover threshold for Composition Scheme to Rs 1 crore as compared to the earlier turnover threshold of Rs 75 lakh. Composition scheme dealers have to pay GST at the rate of 1 per cent of the turnover, manufacturers at the rate of 2 per cent and restaurants at the rate of 5 per cent.

Read: Are businesses really facing problems or is it just another political stunt with GST?

The GST Council had also allowed assesses with turnover less than Rs 1.5 crore to pay taxes and file returns on a quarterly basis instead of monthly basis, starting from October-December quarter. The Council had also allowed small service providers to operate across multiple states without registering with the GST Network and had exempted exempt service providers with annual aggregate turnover less than Rs 20 lakh from obtaining registration even if they are making inter-state taxable supplies of services.

XaTTaX: Cloud and On-Premises Based GST Filing Software For India

Source: The Indian Express
There should be no penalty on late filing until GST return gets smooth: GCCI officials

There should be no penalty on late filing until GST return gets smooth: GCCI officials


Gujarat Chamber of Commerce and Industry (GCCI) officials held a meeting on Saturday in the wake of the problem being faced by traders in complying with provisions of the goods and services tax . They said that unless the provisions regarding filing of GST return were smoothed, there should be no penalty on late filing of returns.

GCCI president Shailesh Patwari said that in view of the festive season, last date of filing GST return, which is October 20, should be extended till October 31. Instead, he said the authorities have started imposing penalty of Rs 4,200 per day for late filing from October 14 itself. “Genuine traders are willing to file returns in time but the online system is faulty and it take at least four hours to file one return which delays in uploading the return but penalty is imposed for not filing,” he said. He said the amnesty scheme for removal of VAT should be extended till December 2017

Read: Tracking the GST that you pay is now at your fingertips!

GCCI senior vice-president Jaymin Vasa said: “We are opposed to word ‘penalty’, because it is paid but not allowed as ‘expenditure’”. he said. He said the GST Council meeting invites should also be sent to trade representatives so that traders views should also be heard and considered. Waris Isani, VP of GCCI committee on GST/VAT said: “It is important to solve all procedural issues because of which genuine traders felt harassed.”

XaTTaX: Cloud and On-Premises Based GST Filing Software For India

Source :  The Indian Express
Tracking the GST that you pay is now at your fingertips!

Tracking the GST that you pay is now at your fingertips!

GST Track Mobile

A mobile app to help consumers verify the rate of GST levied on the product they purchase, or the service they access, and to assist the tax authorities in the crackdown on enterprises retaining the tax they collect, is to be launched soon by the Telangana government.

The Commercial Taxes Department and IIT-Hyderabad have developed the TGST app and its beta version is available, Principal Secretary-Commercial Tax and Excise Somesh Kumar said here on Thursday.

Keep track of the GST you payExplaining the benefits, Mr. Somesh Kumar said a consumer needs to merely upload a photo of the bill issued to them by an enterprise on the app. The photo gets “automatically uploaded to the server and then (the bill) is processed by us. The consumer gets a feedback on whether the enterprise was enrolled under goods and service tax and was charging the correct rate.”

Read: Are businesses really facing problems or is it just another political stunt with GST?

It would bring in more transparency and act like a feedback mechanism. The app would also provide information on whether the enterprise had opted for the composition scheme under GST, he said. Firms that have opted for the scheme are not supposed to levy tax, including a hotel, Mr. Kumar said in an interaction with presspersons on the sidelines of the conference on ‘GST – Post Implementation Issues’. Earlier, addressing the conference organised by industry body Assocham, the senior official said it has been 100 days since the roll-out of goods & service tax and revenue income was improving. The GST Council, he added, was addressing issues concerning the exporters as well as small and medium enterprises. In two months, Rs 2,800 crore had been collected in the State, he said.

Additional Commissioner-GST (Rangareddy) Manjula D. Hosmani said at the conference that the government was aware and reacting proactively to the concerns related to GST. As of October 5, of the 2.21 lakh registered assessees under Goods & Service Tax, around 1.37 lakh had filed their GSTR-3B, she said, advising them to avoid last minute rush in filing returns. Former Chairman of CBEC S. Dutt Majumder said GST is a work in progress and the glitches were being addressed.

Ease Your GST Filing & Invoice with XaTTaX GST Software

Source: The Hindu