Niranjan…. one of the old snaps…..

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

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

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

Thangavel.....

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