Assorted

Reliance Jio and GST: The internet service provider has used the GST riddle to upstage its competitors. Going by reports in major newspapers, Jio has come out with a hardware and software kit to help businesses solve the GST riddle. This comes along with free voice and data pack for a period at a down to earth price. More details can be got from  here  and  here .  Reliance Jio is a part of GST Suvidha Providers (GSP), which was set up to help tax payers to comply with the provisions of GST law. GST system is developed by Infosys and will be managed for a period of 5 years. The system is envisaged as G2B portal where all information are shared and stored electronically. To help businesses who are not familiar or comfortable with this type of tax system, the government has authorized some third party vendors to develop such systems as may be required to offer their services to such businesses. Such third party vendors are called as GST Suvidha Pr...

Full form of GST A minister derided for not knowing it It is reported that a minister in the Chief Minister Yogi Adithyanath's ministry in UP, Minister Ramapathy Sastri could not elaborate the abbreviation GST. Kindly give the minister the benefit of doubt. He fumbled alright but it does not mean it did not know it. Most of the ministers, across States, are from rural areas. Many of them are at loss of words, especially when speaking to the media. Even some well bred, educated people are affected by speech anxiety and social phobia. If one could go back and collect similar such instances it would fill a book.

GST Drama The Skepticism in the minds of Business Community The BJP government, and its allies, are set to launch the new GST scheme midnight today. Some opposition parties have extended their supported, more out of convenience than conviction, to the scheme. Other Opposition parties, led by the Congress, are going to boycott, again, as a policy rather than out of conviction. The business community is divided. Mostly the smaller ones are still not convinced of the merits of the scheme, either to the government or to themselves. Their doubt is not only about the tax under which their product or services will come in the 5 tier tax structure but also about the elaborate declaration they would be required to make monthly and periodically. The government, in its enthusiasm to make a water tight system to increase its revenue, has made a number of mandatory periodic filing of returns compulsory. Will this make the small traders run after their auditors rather run after...