Goods and Services Tax – GST – By: – Bharath Kumar – Dated:- 13-6-2017 Last Replied Date:- 14-6-2017 – The storm of GST is fast approaching and is just twenty days away from the coast of Indian subcontinent. But out of almost 80 lakhs of assessees, I doubt whether atleast 10% of the assessees are prepared to face the GST.In my own case, one company with ₹ 600 crores is still struggling to educate their persons and to upload new rate of tax in thousands of commodities.While it is being so, most of the Central and State officers do not even know the basics of GST as this is the kitchadi of Service Tax, Central Excise and VAT. The GST Schedule is the replica of Central Excise Act which diametrically opposite to the simple Schedule of VA
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t rather than desperate in fixing the deadline. Unless it is postponed to September 2017 and meanwhile uninterrupted follow up action in all fronts is made, only God alone can save this country. BY K.Palaniswamy Deputy Commissioner(Commercial Taxes) Rtd Coimbatore Cell 93666-19752 – Reply By Rakesh Chitkara – The Reply = Not to worry Mr. Bharath Kumar. Our guess is that it would be extended upto August 1, at least and then max to Sept. 1 – bit by bit. Please understand the psychology of policy makers too – Reply By Harish Kohli – The Reply = We have to shed this pessimistic attitude. Of course initial hiccups will be there but things will settle down in two or three months.The draft of GST is in circulation since long , where it was clear t
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