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GST paperwork explainer

Chalanachithram.com DB » New TF Industry Related » Archive through June 29, 2017 » GST paperwork explainer « Previous Next »
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Rocketk2
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Username: Rocketk2

Post Number: 4406
Registered: 03-2014
Posted From: 166.137.252.56

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Posted on Thursday, June 29, 2017 - 03:13 am:       

Like always, truth will be in the middle .. aaa extreme lo vundadhu Ee extreme lo vundadhu!!

There is tons of money being spend to get into GST compliance. PWc is already marketing a GST compliance portal , that will build your GSTR 1,2,&3 from invoices and vouchers .

Inko pedda issue is standadization of product/service classification. This is ending up a nightmare. Vendor use chese (HSN /SAV) and ours mismatch ayithe , there will be compliance issues!!
Ivannni sort out avvalante several months padathundhi.

GSTR 2&3 are computer generated antunnaru kani , how will that happen. You need to provide all the details and build it !! Ippatiki major accounting packages like SAP, ebs, peoplesoft etc did not give patches to deal with these reports

Ninna nenu cheppina fertilizer businessman example lo he does not sell across multiple states. Total business chennai and outskirts lone vuntadhi . He will see a significant increase in paperwork. Mostly ilanti vallaki disadvantage kani it needs to get baked into cost of doing business ..

So bottomline is there is going to be a mess for few months. But it will get sorted out.. end of the day we need to run the business

I am still encouraging IT entrepreneur s to go out and find this market . Chala mandhi small business owner late ga react avuthunnaru. They will need help and can't afford big players
 

Lichtenberg
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Username: Lichtenberg

Post Number: 2328
Registered: 08-2013
Posted From: 192.76.82.89

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Posted on Wednesday, June 28, 2017 - 03:00 pm:       

biz owners might find it useful. Explainer on GST paperwork

http://www.opindia.com/2017/06/truth-about-extra-paperwork-a nd-man-hours-breaking-the-back-of-businesses-post-gst/

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