GoI Further Explained on Late Fee and Various Returns for July-17

GoI Further Explained :

► Last date for payment of GST for the month of July 2017 for all taxpayers was 25-08-2017.

► Payment of GST is complete only when amount of tax payable is debited from electronic cash / credit ledger.

► Late fee for all taxpayers who could not file GSTR 3B for month of July 2017 has been waived, but not interest on late payment of dues.

► GSTR 1 is to be filed by all taxpayers by 5th of September 2017.

► GSTR 2 and GSTR 3 to be filed by all taxpayers by 10th and 15th of September 2017 respectively.

► Taxpayers who have committed errors in GSTR 3B will be able to put the correct details in GSTR 1-2-3.

► However, interest will be applicable to all taxpayers who have not discharged their complete GST liability for July 2017 by 25-08-2017.

► Vide Circular dated 01-09-2017, procedure for systems based reconciliation of GSTR 1-2 viz., GSTR 3B has been clarified. (Copy of Circular, You can find at :

http://www.cbec.gov.in/resources//htdocs-cbec/gst/Circular%207_7_2017.pdf )

EWAY BILL PROVISIONS UNDER GST

सरकार  ने 30th अगस्त 2017 को Notification No 27/2017 issue किया जिसका उद्देश्य CGST Rules, 2017 को संशोधित (Amend) करना है।

1.  सर्वप्रथम Rule No. 138 को स्थापित किया गया जिसके अंतर्गत सामान जिसका मूल्य पचास हज़ार रूपए से अधिक है के moment शुरू होने से पहले सूचना प्रदान करनी होगी :

 (i ) यदि माल किसी supply के रूप मे भेजा जा रहा हो।

(ii ) यदि माल supply के अलावा किसी अन्य रूप मे भेजा जा रहा हो।

(iii ) यदि माल किसी unregistered person द्वारा supply किया जा रहा हो। 

 ये सूचना GST Portal पर Form GST EWB -01 के Part A मे देनी होगी। Part B मे Transportation के समय Vehicle Number लिखा जायेगा।

* यदि सामान का मूल्य पचास हज़ार रूपए से कम भी हो तो भी Eway Bill Generate किया जा सकता है।

*Unregistered Person और Transporter भी Eway Bill Generate कर सकते हैं।

*यदि सामान same state/UT में Transporter के पास पहुँचाया जा रहा हो (within range of 10 KM), आगे transport करने के लिए, तो Part B of GST EWB -01 भरना अनिवार्य नहीं है।

* Eway Bill Generate होने पर एक unique e-way bill number (EBN) supplier, recipient and transporter को issue किया जायेगा।

* यदि रास्ते में सामान ले जाते समय Vehicle change की जाती है, तो इसके लिए GST EWB -01 को update करना होगा।

* यदि Transporter के Place (जहाँ से moment of goods शुरू हो) से जहाँ सामान की delivery होनी है, वो जगह मात्र 10 KM या उसे कम है, तो Conveyance की सूचना देना अनिवार्य नहीं है।

* जहाँ GST EWB -01जारी किया हो, पर Transporter एक ही Vehicle मे एक से अधिक consignments

carry कर रहा हो, तो ऐसे मे Transporter को सभी GST EWB -01 की जानकारी GST Portal मे देनी होगी और एक consolidated GST EWB -02 Generate करना होगा।

* यदि consignor या consignee GST EWB -01Generate नहीं करते, तो Transporter  invoice or bill of supply or delivery challan के आधार पर स्वम GST EWB -01 Generate कर सकता है।

*यदि GST EWB -01 Generate तो कर दिया जाता है, पर किसी कारणवश माल की delivery नही हो पाती तो ऐसे मे 24 Hours मे GST EWB -01 को cancel कर देना चाहिए।

* GST EWB -01 की Validity 100 KM प्रतिदिन होगी। Exceptional Cases मे Transporter को Part B of GST EWB -01 update करना होगा।

* Eway Bill की आवश्यकता नहीं होगी यदि छूट प्राप्त सामान हो, बिना मोटर की गाड़ी से सामान भेजा जा रहा हो।

* Registered Person GST Portal पर Tax Invoice को FORM GST INV-1 मे upload कर सकता है, ऐसे मे Part A of FORM GST EWB-01 मे दी जाने वाली सूचना auto-populated हो जाएगी।

2. Rule No 138 (A) : Vehicle मे carry किये जाने वाले Documents and Devices :

(a) The invoice or bill of supply or delivery challan, as the case may be; and

(b) A copy of the e-way bill or the e-way bill number, either physically or mapped to a Radio Frequency Identification Device embedded on to the conveyance in such manner as may be notified by the Commissioner.

3. Rule No 138 (B) : Proper officer as authorised by the Commissioner or an officer empowered by him in this behalf may conduct Verification of documents and conveyances.

4. Rule No 138 (C) : Inspection and verification of goods के case में officer 24 hours मे अपनी report Part A of FORM GST EWB-03 मे और 3 दिनों के भीतर final report in Part B of FORM GST EWB-03 मे submit करेगा।

5. Rule No 138 (D) : यदि किसी गाड़ी को 30 मिनट से अधिक के लिए जाँच के लिए रास्ते में रोका जाता है तो Transporter इसकी information FORM GST EWB-04 मे upload कर सकता है।

Compliance Calendar for September-2017

Compliance Calendar for September-2017 for GST, Income Tax/TDS, PF and ESI. GST really has reduced the size of compliance calendar by replacing Excise, Service Tax and VAT.  :)

क्या हमें आज भी ऐसे बाबाओं की ज़रूरत है जो धर्म और आस्था के नाम पर अपने ही अनुयायिओं का शोषण करते हैं ?

कलयुग के बाबाओं ने बाबा नाम का ही अनर्थ कर डाला है। ये समझ नहीं आता, की इन बाबाओं को विश्राम और शयन करने के लिए गुफ़ा नुमा हॉल या कक्ष ही क्यूँ चाहिये होता है ? सेवा करने के लिए युवा सेविकाओं या साध्वियों की ? भ्रमण करने के लिए लक्ज़री गाड़ियों की ? शान शौक़त और विलासिता की हर चीज़ ? क्यूँ ये बाबा लोग अपनी निजी जिन्दगी मे वो सब नहीं करते जिसका उपदेश ये बाकी सब लोगों को देते हैं। अचरज होता है, अनपढ़ या कम पढ़े लिखे लोग ही नहीं, बड़े बड़े प्रोफेशनल्स, डॉक्टर, इंजीनयर, व्यापारी भी ऐसे ढोंगी बाबाओं के आगे नतमस्तक दिखते हैं ? आज से कई साल पहले एक विदेशी संस्था ने विश्व भर के ऐसे सभी बाबाओं का अध्यन किया था, जिसके अनुसार अकेले भारत में 72 बाबा हैं जो खुद को भगवान या उसका दूत बताते हैं। इन बाबाओं के उत्थान कारण है जिनमे से प्रमुख है, सरकार की अक्षमता। आज बेरोज़गारी और मंदी एक अलग ही रूप में है, ऐसे मे अगर कोई बाबा किसी बेरोज़गार को कोई उपाय बताये और संयोग वश उसे जॉब मिल जाये तो वो उस बाबा को भगवान की तरह पूजेगा, ऐसे ही अगर कोई बाबा किसी ग़रीब की इलाज़ मे मदद करे, उसकी बेटी की शादी में मदद करे, तो वो उस गरीब के लिए भगवान से कम न होगा। 

आज बाबा नानक, फ़रीद और साईं जैसे बाबा सिर्फ कथाओं मे ही मिलते हैं। कहते हैं इन बाबाओं की जिन्दगी खुली किताब थी, साई हॉल में विश्राम करते थे, विलासिता से कोसों दूर, जब महासमाधि भी ली तो सम्पति के नाम पर मात्र 9 रूपए, वो भी दान कर दिए। और कलयुग के बाबा, करोड़ों अरबों में खेलते हैं। हवाला का काम, सेक्स रैकेट, राजनीति में दखलंदाजी, गलत तरीके से व्यसाय करना, कॉम्पिटिटर्स को राजनीतिक प्रभाव से पछाड़ना। 

अब सवाल ये है कि क्या हमें आज भी ऐसे बाबाओं की ज़रूरत है जो धर्म और आस्था के नाम पर अपने ही अनुयायिओं का शोषण करते हैं ?

  

GST : Collection in July 2017

GST ke Exam mai Pappu Pass Ho Gaya ! :)

Revenue figures for the first month of #GST era. Finally CBEC declared revenue figures for the month of July'17, the first month of GST Implementation. Figures are not bad at all after considering the circumstances under Tax Payers had to meet compliance, Server was not fully functional, Utility files were not available, All Experts were in learning mode. It was like first examination after change in full course. Achieving 64% can not be said a poor result. Summary Sheet is enclosed and congratulations to all GSTN Team, all GST Professionals and finally Tax Payers, because with the combined efforts of all this became possible. Hope in coming months, it would be smooth working on GST Portal, More Utility files will be available and lessons learned in first month would be helpful. Thanks.

गुरमीत राम रहीम इंसा को सज़ा के मायने

अंतत: गुरमीत राम रहीम इंसा को 20 वर्ष की सज़ा सुना दी गयी। सज़ा के बहुत सारे मायने हैं।

►आपने भले ही हज़ारों अच्छे काम किये हों, पर आपके द्वारा किया गया एक बुरा काम आपके सब अच्छे कामों पर पानी फेर सकता है। इसने समाज की भलाई के लिए क्या क्या नहीं किया - लाखों करोड़ो वृक्षारोपण, रक्तदान शिविर, आपदाप्रबंधन, जरूरतमंदो की सहायता, पर इसके पापों ने सब अच्छे कामो पर पानी फेर दिया। इस दुनिया मे ही नहीं धर्म की दुनिया मे भी पाप और पुण्य की आपस मे Adjustment नही होती।

►जिन्दगी पाप का प्रायश्चित करने का मौका जरूर देती है, पर अक्सर लोग उस मौके को गँवा देते हैं, आसाराम के चेले पहले सोनिया गाँधी के पीछे हाथ धोकर पड़े थे की उसने विदेशी मिशनरी के साथ मिल कर आसाराम को जेल करवा दी अब PM मोदी को जिम्मेदार ठहराते है कि वो उन्हें रिहा नहीं होने दे रहे, सच तो ये है संसार मे किसी मनुष्य में इतनी शक्ति नही की किसी [ सच्चे ] संत का कुछ अहित कर सके। कुछ समय पहले मैंने इसके चेलों को संकेत भी दिया था की सोनिया या मोदी को कोसने की बजाय मिल कर हनुमान चालीसा का पाठ करें, पर शायद उन्हें लगता है social media पर रोना धोना ज्यादा अच्छा है। अब जल्दी ही राम रहीम की Team, social media पर active होकर अपने boss ( गुरु ) की पैरवी करती दिखेगी।

►अंहकार सत्ता का हो या शक्ति का सदैव विनाशकारी होता है।

Resignation Letter of Vishal Sikka - What is message to Corporate World

Since morning, there is one news being given on all business news channels is Resignation of Vishal Sikka, MD and CEO of IT Giant Infosys.

Just not for Infosys, but for all corporate world it is shocking news and time to correct and reinvent/redesign their values and systems as the reasons Vishal has given in his resignation letter. (Text given at the End).

In just few hours Stock of Infosys was 6% down with overall fall of Rs. 165 Bn (Rs. 16,500 Cr) in market cap of the company.

In his resignation letter Vishal mentioned the death of their employee Sandeep Karamongikar due to massive heart attack, Virtual world of AI, It's strength and impact.

The similarity I find in Vishal and Cyrus Mistry case, both wanted transformation in their groups, using their professional skills & knowledge. But strategy they adopted in execution was not in terms of principles set by their founders. This is conflict in most of companies which are promoted and run as family business irrespective of their size and industry. Unfortunately they (Promoters/Founders) want professional CEO/CFOs to give best of their performance, but without accessing any authority, without being influential on other stake-holders.

There is nothing new, for ages humans do not want to share rewards and glory. In such companies owners treat their companies as their child and want professional leaders to work as Aaya (Maid), they day these CEOs/CFOs try to behave like mother of this Kid (Company), Exit door is opened for them. Thanks. 

Resignation Letter of Vishal Sikka

Dear Board Colleagues,

Over the last few days, since our earlier call, I've met Sesh several times, talked to you individually at length, and spent time thinking things thru with Vandana. During this time, one of our employees, Sandeep Karamongikar, died in his sleep, likely of a massive heart attack. He was working on the chatbot frontend in Nia. Also over the weekend, in possibly the greatest demonstration of AI capability ever, a bot built by the researchers at OpenAI (yes, that OpenAI), defeated the world's best players of DOTA2, a multiplayer online video game, a game where the bot learned to play entirely from scratch. Further demonstrating that the force to automate routine, even advanced, activities is an unstoppable and exponential one. And the Charlottesville incident here in the US demonstrated once again the power of words and silences to cause real damage, or to heal.

After much reflection, I have concluded that it is indeed time for me to leave my current positions as MD and CEO, and I have communicated my resignation to Sesh.

I will be working closely with Sesh, Ravi, Pravin, with all of you, and the senior management team to plan out the details and the timelines to ensure a smooth transition and in the meantime, continue our work without disruption, and ensuring that we protect our company, the employees, the clients, and the interests of every shareholder. You can count on my commitment to this.

I came here to help navigate the company through what I saw as a massive transformation opportunity, to transform our company and restore strong profitable growth, as well as help transform the business of our customers. I came to do this with the power of technology, given my experiences with similar transformations, my background in AI, and the structural changes that I saw happening in the IT services industry. This needed new skills, new thinking, new initiatives, and a transformation in the culture, from a cost-oriented value delivery, to entrepreneurship oriented value delivery. You have heard me articulate this many times before. This type of a transformation has always been a passion for me, indeed I took this job for this reason. 

We have achieved much in the last 3+ years, and for sure we can all be proud of the powerful seeds of transformation that have already been sowed. No one anticipated the additional headwinds like the geo-political disruptions (Brexit, Trump, visa etc.) that made this transformation even more challenging, but also rewarding. But, the distractions that we have seen, the constant drumbeat of the same issues over and over again, while ignoring and undermining the good work that has been done, take the excitement and passion out of this amazing journey. Over the last many months and quarters, we have all been besieged by false, baseless, malicious and increasingly personal attacks. Allegations that have been repeatedly proven false and baseless by multiple, independent investigations. But despite this, the attacks continue, and worse still, amplified by the very people from whom we all expected the most steadfast support in this great transformation. This continuous drumbeat of distractions and negativity over the last several months/quarters, inhibits our ability to make positive change and stay focused on value creation. Addressing the noise by itself is damaging; hundreds of hours of my own time has gone into this recently. But the structural challenges this engenders within the organization, has a very damaging effect on our ability to carry out any kind of a transformation, especially one that is as fundamental as transforming from a cost-oriented to an innovation-oriented value delivery to clients.

Therefore, I have come to this moment and the end of this journey. I hope that it gives everyone a chance to reflect, and give the transformation effort another big push and move the company forward rapidly to build its future, to build upon the foundation that we have laid over these past 3 years. If these types of attacks continue, I hope each of you will continue to be the voice of fairness and reason - providing the active, emphatic and unequivocal support that the company, the management, the employees, and all of the stakeholders and friends of the company need in order to succeed. Since the board deeply believes in the cause we have started, I will be happy to support all of you to achieve a smooth transition, and serve as your Executive Vice Chair as discussed.

I would like to thank each one of you, my dear colleagues, my friends and mentors, and look forward to working with you to close this chapter and open a great new one for all of us.

Best,

V

GST Return : Date of 3B extended for Tran-1 Cases

Finally a Clarification by CBEC. Do not know why Tran - 1 has been made such a big issue, If you ask any IT/Software Guy about linking of Tran-1 and 3B (two data base), is it so complex, he will laugh ? Simple reason Govt want tax payers to pay more tax and avail Transitional ITC Later, this is same, you have enough money in your bank account still forced to make payment thru credit card and pay interest later.  Could not understand, why govt is so greedy ? It was said after demonetization rate of interest on loan will be reduced and loan will be made easily available to SMEs and startup, but did it happen ? Anyway, Who do not want to avail Transitional ITC or not applicable, in such cases due date to deposit tax and file return 3B is 20th August'2017. But who want to avail Transitional ITC, due date to deposit tax is 20th August'2017, but they can file Tran-1 and 3B by 28th August'2017.