HANDS ON EXPERIENCE on New portal​

For simpler ITR 1 or 2 having Salary & Interest incomes , ​I tried filing few ITR & here is experience ( torture)

​​If you lucky U get to validate ur json from Software, upload it .. If more lucky then No error will come & U can Submit ITR
But problems are mainly after that

1. If name is not matching with PAN database then ITR will not be submitted. Dont get annoyed . Change name and Upload Json again . We had habit of Writting name SURNAME-NAME-FATHER NAME
Now this habit need to be changed
2. In some cases , OTP was coming late for E-verification..AFTER E-VERIFICATION done, When I go to download.. I cant see AY 21-22 return.. This is worst level of Glitch which can give heart attack...इतनी महेनत से upload हुआ and गायब
3. In some case , It was appearing in Filed returns but ITR V could not downloaded at once, after I tried 5-6 times then able to download..and In Some case, Still cannot download after 100 times I tried . keep on गोल गोल घूम रहा था when click Download receipt

let c tmrw
4. In some cases E-verify was not an option , So decided to download Receipt and will send it Banglore .. But unluckily I cud not download it ...Again गोल गोल घूम रहा था when click Download receipt... try & try.. Sometime got successful also
PS-
​Few HUF Returns are not even getting validated .. Json ही नहीं बन रही . God knows Whats problem ? It must be time being...Its irritating​ .It must be software problem only .

Same isue with STCG LTCG income returns ​..Not able to make Json in My software
but this whole exercise was not at all smooth

Also Glicthes are there at every stage

@IncomeTaxIndia
@FinMinIndia
@nsitharaman

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More from @CA_HarshilSHETH

3 Aug
Earlier payment of TDS was really insignificant task. Clients used to pay at own before 7th

So I was nvr worried for reminders .. Still I used to send them

But now It has 3 categorizes (and horrible messy task of checking )

so I had sent this- as reminder to clients
JUL month TDS TCS reminder - Pay before 7th Aug

Category 1- TDS (normal) -
on interest, Commission, RENT, Fees, JOB WORK, REPAIRING, ADVERTISEMENT , FREIGHT ( >10 TRUCKS)
Category 2 TDS (on Purchases 194Q)
( Only if U r 10 cr above)
Deduction of 0.1% on if purchases hv Crossed 50 lac
Read 4 tweets
12 Jul
MASTER Thread on current PROBLEMS in GST ( law, procedure & Returns)

GST can be Good & Simple if Following problems r resolved . I am aware that There is no discussion, No representation, No hope abt these Problems getting solved

But Still I am making list

READ ALL 25 points
1. ITC restrictions in 36(4) and 16(2)(aa)
2. ITC Denial of utilizing u/r 86B
3. ITC reversal due to 180 days Non-payment
4. No ITC allowed for CG in Export refund
5. No ITC allowed for CG & Services in Inverted duty refund
6. Whole return filling Mechanism
7. Non Effective GST Annual Return format
8. No CAP on Max. LATE FEES
9. No Amnesty for GSTR 9/9C
10. No relaxation on Sec. 16(4) regarding time limit
Read 7 tweets
1 Jul
4 years of GST - THREAD ON UNANSWERED QUESTIONS

This thread is different than anything else

Here are list of some Unanswered Questions. Its about those "WHY" which You must have encountered these questions in these 4 years.

like CGST of one state not available to Other
Do read all. Add more in Comments .

Here it goes

1. Why Credit of CGST of other state not available in state in which Taxpayer is registered ?? Why? There is only one CGST act. Right? Have you ever thought?
2. In refund in Export. Why ITC of CG not allowed whereas ITC of Input services allowed? This curtail refund Amt. Also If I m doing export with IGST then Full IGST is allowed as Refund. Why such discrimination in both scheme ? If purpose is to give full refund to Exporters
Read 11 tweets
30 Jun
GST REGISTRATION related Questions - A thread

WHETHER PERSON is LIABLE to REGISTER in EACH CASE ?
(SECTION 22 to 25 & DEFINITION OF AGGREGATE Turnover will be helpful )

Here are Incomes of some persons from his Profit loss accounts
1. A trader having 38 lakh turnover ( Taxable Goods) + 1 lakh Rent from residential house +1 lakh Interest from FD and saving bank account

2 An advocate earning 19 lakh from consultancy on which recipient is paying tax on RCM basis + 2 lac rent from Commercial Property
3. An advocate earning 19 lakh from consultancy + 2 lakh income from interest of FD / SB a/c

4. A doctor having income of Rs 19 lakh from his consultancy + 2 Lac income of commission from suggesting medicine of a particular company
Read 6 tweets
11 Jun
THREAD on GST portal issues

Inspired from @ca_shridhar post
I Have added few points & made this list

Its not about Portal glitches or Its Getting down/slow its capacity issue or anything abt Law. We made list here list how GST Portal inefficient to give full fledged experience
1. Negative figure in GSTR 3B-
Law is clear but Portal is still not ready for same. Negative Figure in 3B is necessary . Definitely not provided because technical team is not ready.
2. Headache of Jumping to screens while searching in B2B -
While searching particular Invoice in B2B in GSTR 1 Screen , U can Always view only 5 invoice in one screen in B2B in GSTR 1
Imagine u hv 450 invoice of diff GSTIN then there will be 90 times jumping
Read 15 tweets
27 Apr
Thread on closing FY 20-21

I knw its turbulent times.. Working from Home.. Limited sources .. Doing Compliance for Clients who are also not able to cope up in difficult times
And no Extention of dates

Here is CHECKLIST for GST & IT

#GST
#IT
Prepare list of clients in each following category and make 100% sure that U have done following compliance for each month
👉GST
Check in All Monthly /Quarterly Clients

✅ GSTR1 filed upto MARCH 2021
✅GSTR 3B filed upto MARCH 2021
✅GSTR 9/9C filed upto FY 19-20 ( if applicable)

👉GST
Check in Composition clients
✅ CMP 8 filed upto Q4
✅ GSTR 4 Filed Upto FY 20-21
Read 9 tweets

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