1/n
Thread on 16(2)(aa) -MOST DANGEROUS PROPOSED CHANGE
Sec 16(2)(aa) says that ITC will be available only when Supplier has furnished in his GSTR -1
16(2)(aa) is end of all hopes for any simplifications, we ever demanded in GST
On the contrary ,This is injustice to Taxpayers
Thread on 16(2)(aa) -MOST DANGEROUS PROPOSED CHANGE
Sec 16(2)(aa) says that ITC will be available only when Supplier has furnished in his GSTR -1
16(2)(aa) is end of all hopes for any simplifications, we ever demanded in GST
On the contrary ,This is injustice to Taxpayers
2/n
I repeat , It is putting Condition which is beyond own control.
&
coz its Impossible that my 100% purchases will be reflected in Same month everytime every month
My que is
"Why I m at loss of ITC in current month if my Supplier did not filed GSTR 1?"
impossible to comply
I repeat , It is putting Condition which is beyond own control.
&
coz its Impossible that my 100% purchases will be reflected in Same month everytime every month
My que is
"Why I m at loss of ITC in current month if my Supplier did not filed GSTR 1?"
impossible to comply
3/n
16(2)(aa) will prove fatal for many whose ITC not appearing in 2B and they might have to take up High interest Loan
This Section might kill many business or put many in big financial crunch bcz he has to squeeze up his working capital to pay GST for ITC not appearing
16(2)(aa) will prove fatal for many whose ITC not appearing in 2B and they might have to take up High interest Loan
This Section might kill many business or put many in big financial crunch bcz he has to squeeze up his working capital to pay GST for ITC not appearing
4/n
And We have to see Supplier's situation who cud not uploaded his GSTR-1 for thousand of reason which might happen in REAL life
1. he / his consultant might be sick
or It is saturday / sunday or some holidays bcz of which , he could not upload GSTR1
And We have to see Supplier's situation who cud not uploaded his GSTR-1 for thousand of reason which might happen in REAL life
1. he / his consultant might be sick
or It is saturday / sunday or some holidays bcz of which , he could not upload GSTR1
5/n
2. his has been blocked by system to upload GSTR -1 bcz previous 3B pending
3. MIMP - SITE NOT WORKING ON 10TH / 11TH & supplier could not upload his GSTR -1
there could be thousands reasons
2. his has been blocked by system to upload GSTR -1 bcz previous 3B pending
3. MIMP - SITE NOT WORKING ON 10TH / 11TH & supplier could not upload his GSTR -1
there could be thousands reasons
6/n
Its impossible that One can filter good suppliers & defaulter Supplier
& once this will be applicable , People will stop business with supplier who just missed only 1 month GSTR -1 cycle mistakenly
@FinMinIndia @cbic_india @GST_Council
please rethink on on 16(2)(aa)
Its impossible that One can filter good suppliers & defaulter Supplier
& once this will be applicable , People will stop business with supplier who just missed only 1 month GSTR -1 cycle mistakenly
@FinMinIndia @cbic_india @GST_Council
please rethink on on 16(2)(aa)
7/n
Whatever Representations have been done , Protest have been done , tweets/Trends have been done by All of us for Betterment of GST , Today it is most required
end of thread
serious appeal to everyone to RT & Like max. for awareness of all
Whatever Representations have been done , Protest have been done , tweets/Trends have been done by All of us for Betterment of GST , Today it is most required
end of thread
serious appeal to everyone to RT & Like max. for awareness of all
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