Traders seek penalty exemption till March for errors in filing GST returns

DHNS
October 6, 2017

Bengaluru, Oct 6: Traders cutting across various sectors on Thursday sought that no penalties be imposed on them till March 31 next year for errors in the filing of Goods and Services Tax (GST) returns as they are yet to get accustomed to the new tax regime.

Participating in an interactive session on GST organised by the Federation of Karnataka Chamber of Commerce and Industry (FKCCI) and the Economic Cell of the BJP, the traders stated that the GST law is new and there were possibilities of mistakes being made during the initial phase of implementation.

Besides, the filing of GST returns should be made easy as the micro, small and medium enterprises sector is not well equipped with Information Technology (IT) infrastructure and qualified manpower.

Tax relaxation sought

FKCCI President K Ravi sought some relaxation, at least for small traders, from filing monthly returns. “The time involved on filing returns on a monthly basis is enormous. There is a drop in business to the tune of 50% to 60% because the trader is not able of concentrate on business,” Ravi said.

B T Manohar, chairman, State Taxes Committee, FKCCI, said that traders and representatives from the industry do not find a place in the GST Council.

“A steering committee comprising the trade and industries along with government officials should be constituted. The panel should meet every two months and address all issues arising at the grassroot while implementing the new tax regime,” he said.

Former FKCCI president S Sampathraman said the GST rules were “draconian” and “unimplementable”. “In the name of preventing tax evasion, honest business persons are suffering,” he felt.

BJP Economic Cell convenor S Vishwanath Bhat admitted there were several glitches in implementation of the GST regime but they are all temporary. “GST will help India in building a robust economy by 2019,” Bhat said.

BJP leader and Bengaluru Central MP P C Mohan said he will place before the GST Council, which is meeting in New Delhi on Friday, the various issues raised by the traders.

Comments

Babu Gowda
 - 
Friday, 6 Oct 2017

I am small businessman my turnover is less than 12 lacs and my crime is I do interstate sales because of this GST is applicable to me in spite of being such a small turnover and i use to file my returns by myself (without any CA or accountant) because i cannot afford one it is very difficult for me to maintain all these GST, and i suggests government should specify a limit of interstate sale slab for GST eligibility.

Naveen Shetty
 - 
Friday, 6 Oct 2017

A land mark event in the history of our Nation.Full marks to Jetly and the GST Council. This one policy change will transform our Nation and its economy.

Albin
 - 
Friday, 6 Oct 2017

This govt puts thought process and hence we are able to get long time pending benefits in this short three years .Keep up the good work.

Mohan
 - 
Friday, 6 Oct 2017

Why so hurry when infrastructure yet to settle.

Kumar
 - 
Friday, 6 Oct 2017

This hurry exercises only for the the behest of the economic reforms, to compete with the global economic day to day trends.

Suresh
 - 
Friday, 6 Oct 2017

can someone tell me what will happen if some states refuse to implement GST and how the transactions will happen in to and out of these States?

Shiva
 - 
Friday, 6 Oct 2017

Nothing is clear about the GST rates for Protein based food supplement industry. These supplements are a COMPOSITE BLEND of various raw proteins such as skimmed Milk, whey, egg, pulses 7 cereals. Each of these ingredients are having varying rates of GST starting from 5% to 18%.These supplements are consumed by Atheletes who in majority belong to the low and middle income. We request the Government to please consider the fact that these products are mainly manufactured by small scale manufacturers and sold to the low/middle income. It is an unregualted market. OUR REQUEST IS TO PLEASE FIX A GST RATE BETWEEN 12% & 18%

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coastaldigest.com news network
June 11,2020

Bengaluru, June 11: Amulya Leona, a college student, who was charged with sedition for raising "Pakistan zindabad" slogans in Bengaluru, has finally been granted bail. 

The court had denied her bail yesterday, saying she might abscond. But her lawyers had been pursuing another way of getting her out of jail where she has spent nearly four months.

Ms Leona's advocate, Prasanna R, said that the delay of the state in submitting a chargesheet in the case beyond the stipulated time meant she was eligible for "default bail".

"The default bail application was moved before the magistrate under whose jurisdiction the alleged crime was committed. The chargesheet has not been submitted by the state within 90 days. So default bail has been granted. We had moved the default bail plea on May 26 and again on May 29 when the court told us the earlier mail IDs had been disabled. A physical application was filed on June 2. The state filed the chargesheet on June 3," the lawyer said.

While the state tried to argue that they were entitled to an extension in the time allotted, the court hearing this aspect of the case gave an order favourable to Ms Leona. The process is on to release her.

The arrest of Ms Leona during a rally against the Citizenship (Amendment) Act or CAA in Bengaluru had led to a debate on the use of sedition charges.

The woman on a Facebook post had also said "zindabad" to many countries including India and Pakistan. She did also try to chant "Hindustan zindabad", but was soon silenced and whisked away. She was accused of sedition, causing enmity between communities and causing deliberate mischief.

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News Network
February 28,2020

Bengaluru, Feb 28: BS Yediyurappa’s contribution to the economy is substantial, and he is one CM who has contributed largely to making India the fifth largest economy, said Defence Minister Rajnath Singh on Thursday.

“He will ensure that Karnataka contributes towards making India the third-largest economy in the coming days,” Singh said, who had flown from New Delhi to participate in the CM’s birthday celebrations.

Singh recalled Yediyurappa asking him how to increase welfare measures for farmers, and had suggested that the CM reduce interest rates on loans to help the community. “Yediyurappa took the suggestion seriously and reduced interest of loans to a mere 4 % and gradually reduced it to 1 % before coming down to zero,” Singh said, appreciating Yediyurappa’s love for farmers.

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News Network
April 24,2020

Kasaragod, Apr 24:  Stricter measures have been enforced in more places in this district, as part of intensifying efforts aimed at containing the spread of Covid19.

According to District Collector Dr Sajith Babu, the new norms of intensified lockdown would be enforced in Kumbala, Mogral-Puthur, Chemmanad, Madhur, Muliyar and Kumbala grama panchayats, being identified as new hotspots in the district.

Earlier, door-to-door police patrolling at regular intervals have been implemented in Thalankeri, Choori, Kalanad and Nellikkunnu, where more positive cases of Covid-19 has been reported.

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