GST - Discussion on implementation and other issues

All threads that are locked or marked for deletion will be moved to this forum. The topics will be cleared from this archive on the 1st and 16th of each month.
BRF Oldie
Posts: 9785
Joined: 29 May 2007 18:03

GST - Discussion on implementation and other issues

Postby Yagnasri » 08 Jun 2017 06:40

The tax reforms in the form of GST will have major and wide-ranging impact on our economy. A detailed discussion on this is required. I am posting what I have seen etc here:

1. I had met with senior tax authorities of GoI in the last few months on (unrelated) office work and was told that people were given training on GST and the entire system is IT based with little human intervention. The training is quite detailed.
2. We pay service tax and most of the system is almost the same.
3. For goods like purchasing stationary etc there was no effort from our side on tax paid/to be paid/not paid on those items. Now we need to look into that.
4. Small shop owners with some computer bases system told me that their CAs etc has the software etc in place and while there will be problems for few months they were of the view they can manage.
5. There are many software packaged in the market ( that is what my accountant told me) and quite cheap.
6. Most of the returns etc are filed etc online etc. So human intervention will be limited. This may stop major looting by tax babus.
7. VAT is gone and this also stops major looting.

No one knows how far it helps to loot by tax babus at the state and central level. But its makes a bit harder for them to loot and loot amounts may be less and less as time progresses.

Software people looking at new business opportunities. Even Major ones. ... MC-Twitter

Forum Moderator
Posts: 13263
Joined: 20 Jan 2002 12:31

Re: GST - Discussion on implementation and other issues

Postby Suraj » 08 Jun 2017 09:11

Thread locked. Please use viewtopic.php?f=2&t=7314

Return to “Trash Can Archive”

Who is online

Users browsing this forum: No registered users and 10 guests