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ECI seizures inches close to Rs 9000 Cr; 45% of seizures are drugsCopter carrying Iranian President & Foreign Minister crashesDelhi logs 44.4 degrees temperature on SundayAmnesty Scheme for exporters: Govt recovers Rs 852 CroreGas tanker blast in Pune; Hotels, houses guttedPM to hold roadshow in Puri on MondayViolations of economic sanctions: Criminal penalties come into forceBengaluru Customs nabs 4 pax with gold powder worth Rs 1.96 CroreKejriwal’s assistant put in police custody for 5 days in Swati Maliwal caseAllahabad HC upholds decision to dismiss judicial officer demanding dowryNawaz Sharif alleges former Chief Justice plotted to oust him as PM in 2017Heavy downpours claim 50 lives in Central AfghanistanSoaring funeral costs compelling people to let go bodies unclaimed in Canada9 pilgrims burnt to death as bus catches fire near Nuh in HaryanaSpain denies dock permission to Indian ship carrying arms to Israel12 Unicorns, over 125 startups commit to onboarding ONDCBEML secures Rs 250 crore order from Northern Coal FieldsBharat Parv celebration takes centerstage at Cannes Film FestivalSteel industry should work towards reducing emissions: Steel SecretaryUS says not too many vibrant democracies in the world than IndiaI-T - Benefit of section 11(2) can not be denied merely on reasoning that form 10 is filed belatedly: ITATRussia seizes Italy’s UniCredit assets worth USD 463 mnCus - If price is not sole consideration for sale, then transaction value can be rejected under Rule 8 of Export Valuation Rules & then must be redetermined sequentially through Rules 4 to 6: CESTATSC upholds ICAI rules capping number of audits per year

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GST - New Returns - Overwhelming response, says CBIC


GST- New Return,

What is overwhelming response, is the gathering to get awareness about new return, which is more tedious than the old one. The GST is the cake to be eaten by CA and Accountants on the cost of price paid by poor tax payer, for whom GST return is like hard Nut which can not be creaked.

The new return is an old wine in new bottle, which makes work of assesses more difficult in coming days.

At least from the old sysyem people are aware and used to, but the new one makes it more difficult for tax payer. The Annexure-1 is more tedious than present R-1. Instead of making proper implementation, we decide to phase out and reintroduce in new avatar.

A good sysyem is poorly implemented and in the garb of simplification makes it more complicated, i.e., the current GST.
May God save the poor GST tax payer from coming narural calamity of new return.

SATYA PRAKASH SINGH 09/12/2019

 

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