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GST; What Changes would make it work

After several red flags in the way the GSTN functions, finally the Officials from the finance ministry have indicated that indeed these issues are being reviewed at the highest level. As a Chartered Accountant with my experience from Fortune 500 company wherein the end users were all highly qualified people, the systems need to be simple. In case of GSTN, the system was pretty simple in paper. However when we got to use it, the complications came out. The system is highly illogical or rather not tweaked to match the practical requirements of the stakeholders. Be it the registration or the backend access to the tax department officials. Changes that would make the system workable. 1. No Matching of Invoices. Currently the buyer and the seller has to match the sales and purchases. Though a very simple process it is highly resource consuming. Just imagine a single paise difference in invoice will lead to manually matching the invoice with at least 2-3 minutes of time being sp
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GST Challenges and My views

I felt there is need to review the GST process in the GST website due to various issues cropping up. The issues can be segregated into Legal and Technical. Legal being the issues which require the GST Council to recommend and the Govt to act. The Technical issues being the ones which needs the change to be approved by the respective process owners. Though this looks very simple, the issue is that most of the issues we face today are both Legal as well as Technical. I will be updating my blogs by taking up 1 issue at a time along with my views and workarounds. Lets discuss the issues one by one. 1. The Site : gst.gov.in Lots and lots of efforts have gone in creating this application. (The front end what we get to see is the webpage). However due to high traffic the site is slow at times. We, the taxpayers & Professionals use the site for variety of reasons viz a. New Registrations b. Checking the Status of the Application c. Filing of returns d. Check
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History of Income Tax in India

When we look at the Income tax history in India, we realise how progressive we were long back even before the british. There are references found in the works of Manu Smirthi and Arthasastra apart from our own Thirukural. As we stand today we have an Act of 1961 which has in origins from 1860. To have a better perspective we need to know about a British Statesman by name, Henry Addington, 1st Viscount Sidmouth who was the Prime Minister from 1801 to 1804. The tax was initially levied on Land which was used for agriculture and the collection was in kind. Income tax was thought to be a government instruction into the private matters. To overcome this in 1707, when the Kingdom of Great Britain came into being, a Window tax, wherein the tax was collected basis the number of Windows a property had was introduced.                                              In 1798, Income tax was levied by William Pitt the younger who was the then PM of United Kingdom (youngest prime minister at th
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Mangalore Bus Drivers and their cold blooded murders

I have been living this beautiful city called Mangalore for past about 5 years.... In the past five years so many things have changed in Mangalore.... In 2008 literally I will not get anything to eat after 9... rather they were  no budget food joints where i can have my dinner... but now i find a lot of places which i might have missed those days..... Shops used to close by 8:00/8:30 & the Bharat mall had changed it i think. Big Bazaar used to be open till 9. Then slowly things started changing. I had got my bike by those days and i used to enjoy the company of my colleagues by checking out all food joints. Though there are so many changes, one thing I haven't found any change is the Buses.  Board a local bus and never expect a ticket to be issued, but keep the change for the conductor. One tip i got for traveling in the bus was never to keep your hands full. Always you have to hold on to some thing else expect yourselves to be thrown to the floor when the dri
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A Comment on Airline Business in India

1.Any airline is coming into picture after a large land area which might have been used for agriculture is taken away from farmers and given to Airport Authority. Thus high taxes are required to off set the social security of the people who lost the land. People would love to argue that the compensation is paid. But i would love to bring it to their attention that the amount is paltry and if you can't accept it think about this.Goverment will take away the house owned by you and giving you Government rates. 2. If AI needs bail out its because of private airlines only. No one knows why AI cancelled some of the most profitable routes wherein the load factor was always 100% (Kochi to middle east, Bangalore to some european nations etc). All these slots were given to private players. 3. The basic argument of economists for private sector is efficiency  and if private sector is not able to deliver it why not government take over it rather than bailing it out? And if Air India ca
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Google + invitation received....

Finally today i had received an invitation from my friend for google plus. All i did was signed out of my google account and logged in again. After this i just went to plus.google.com. phew already my photo and friends were waiting for me.... all i had to do was to jus check things and add people to my circle.... nice work google.... Still a lot more things to come.... like games for which kids have n of logins in Facebook... (my cousins have a lot of profiles...god knows where they find time it) But it looks cool and things what i share is personal... that is really a paradigm shift from Facebook...
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