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CA Harshil sheth

11 Feb, 7 tweets, 2 min read

Thread on QRMP

1. 3B was very smooth. PMT 6 is challan but u stil hv to compute the way u did 3B.They shud have continued with 3B for all
PMT6 is useless

Only thing required was IFF 4 quarterly dealers so that they can upload their b2b invoices &counter party can claim ITC

2 what Govt think -
QRMP is wrongly promoted as LESSER compliance to MSME
Rather it is more

MONTHLY Parties -
monthly GSTR1
monthly GSTR3b

QUATERLY parties-

Quarterly GSTR1
With Monthly IFF (optional)

Quarterly GSTR3b
With Monthly Challan

Hardly name changed.
Hats off

3 what actually happened to Quarterly dealers

पहले
GSTR 3B monthly था
GSTR 1 Quaterly था
अब
GSTR 1 monthly हो गया
GSTR 3B Quaterly हो गया

Disclaimer-PMT 6 is nothing but same challan
Use only if Tax payable in M1 M2 of Quarter
If no tax payable then Nothing to do

4. what will happened with Professionals

quarter end will be a headache.. merging data of 3 months in GSTR 3B FOR QUARTERLY DEALERS...for who earlier given data month wise for PMT -6

wait for April 2021

5. And then there are other due dates after Quater end month

Le GST IT professionals -

6. finally what all will agree that QRMP full form

"Quaterly रहेगा पर Monthly परेशानी "

#gst_memes

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More from @CA_HarshilSHETH

CA Harshil sheth

@CA_HarshilSHETH

12 Feb

Thread on QRMP
#QRMP

70% of ppl, i asked before Feb,
They converted all Taxpayers in Monthly

After filling January returns & looking to PMT6 & IFF difficulties, & half baked solution QRMP
Even rest 30% saying that they will convert ALL clients to" Monthly" from APR 21

QRMP - Idea is good

But Things getting very difficult in practical life
Better to switch " Monthly "

Read below how it is irritating cycle of 3 months

Parties are sending 3B+ 1

We have to file PMT 6 + IFF

This half baked Idea of IFF is very frustrating. It does not allow B2C and export and Exempted details

So We have to remember all this for 2 months and report in QUATERLY GSTR 1

practically more confusing & time consuming

Read 5 tweets

CA Harshil sheth

@CA_HarshilSHETH

24 Dec 20

@nsitharamanoffc

Dear Madam,

Request not to bring more danger provisions in Income tax as well GST
SPARE OUR TAXATION SYSTEM

you have already brought so much worst in 2020

1. Your Idea To bring old vs New tax rate u/s 115BAB in Income tax in Budget2020

@nsitharamanoffc
@FinMinIndia

Your Idea
2. To bring Budgets 4 5 times but could not save economy in 2020

3. To bring 36(4) rule in GST & restrict ITC of genuine Taxpayer just bcz some few fake ITC dealers

4. To bring such illogical & worthless idea to Bring TCS at 0.075% on sale of Goods in Income Tax

Your Idea
5. To bring CEASE of business instead EASE of Business in covid times

6. To bring Such a Cruel rule to pay 1% by cash and 99% by ITC ( rule 86B) ...totally Unconstitutional

7. To bring such fractured , Complex , Restricted system to avail ITC in GST like 36(4)

Read 7 tweets

CA Harshil sheth

@CA_HarshilSHETH

19 Oct 20

@PMOIndia

Its shameful that even after 3 year, Infosys Could not provide a smooth GST Portal

Almost last 4 days GST site not working

V hv deadlines like
GSTR 3B
GSTR 9
GSTR 9c
CMP 8
GSTR 1
GSTR 10

Why can't you make STATE WISE PORTAL?

@PMOIndia its high time you look into this matter

@Infosys_GSTN

The Project head of GSTN portal should be held responsible for the WASTAGE OF MAN HOURS OF PROFESSIONALs

@Infosys_GSTN Atleast You should make an announcement before 24 hrs that Site is not working

5-10 lacs Tax professional may plan their Schedules accordingly

@cbic_india

#extendITGSTduedates

@cbic_india
@GST_Council
@FinMinIndia
@nsitharaman

Pl extend ALL GST AND INCOME TAX DUE DATES

BCZ GST PORTAL IS NOT working since 4 5 days

Read 6 tweets

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