Challenges with the proposed procedure (Monthly)
3. Tax is auto calculated by the system and the amount of tax calculated is a non-editable field. Challenge arises regarding disclosure of any amounts collected in excess of the actual tax payable and has to be paid to government. It is suggested that there should be an option of ‘Other outward tax liability’ in Table 3 of the proposed return format to address these issues.

Challenges with the proposed procedure (Monthly)
2. Concept of Missing Invoices is also a burden to the recipient. Once reported, it appears that the amount of ITC availed on missing invoices shall be added to output tax liability of the recipient and recipient shall also be liable to pay interest on the ITC availed from date of availment till date of adjustment.

Challenges with the proposed procedure (Monthly)
1. A recipient may not be able to avail ITC on their inward supplies though he is in possession of a valid invoice and received goods/services but the supplier missed to file the details in his annexure of outward supplies before 10th of the next month and also there is no option to the recipient to ADD an invoice on which he is eligible to avail ITC.

Challenges with the proposed procedure (Quarterly)
2.Reporting of HSN at 4digit level for goods and 6 digit level for services is being made mandatory. Exceptions to the same may be provided.
3.There is no proposal of amendment to quarterly return. When amendment return is proposed to be introduced to rectify human errors, why not amendment return for quarterly return too!?

Challenges with the proposed procedure (Quarterly)
1.Concept of missing invoices or pending invoices not available to assesses who opted for quarterly returns. Therefore, the assesse who opted for quarterly return is at the mercy of the supplier whether to avail ITC on inward supplies or not. If the supplier doesn’t file his return in time, ITC pertaining to the same cannot be availed by the assessee at all.

My designs.

Modiji,If India conflict with pakistan in kashmir issue, then popularity of pakistan will increse with india. and pakistani army will get funds from those countries , who are against india. So no more discussion about pakistan in media and no government meeting regarding kashmir. Only people to people contact by business and cultural exchange.Kashmir is a non issue today..if pakistan sends terrorists, then india for surgical attack.

rhgrgg

#Page 3 All B2B invoices to be uploaded including exempted supplies by regular dealers, this will give actual turnover of other taxpayers.
#Page 6 uploading of HSN details kindly ask only for turnover above 5crores, for others exempt them.
#Page 6 All debit/credit notes to be uploaded any how the linking of invoice is removed.

insert a new annex to upload the Trade Debtors and creditors closing balances along with the return.This will bring further cash control and discipline in accounting.

Respected sir, if department makes an global software regarding that and every one who wants to do buisness here, When the party applies for registration govt provides him the Id and Password which have all the details like Pan no., Gst no. and all other taxation no. regarding his business and it is also a perfect plan for our single window clearence.