|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Traders rue new rules for Invoice Management System under GST regime
|
|
Tuesday, 31 December, 2024, 08 : 00 AM [IST]
|
|
Ashwani Maindola, New Delhi
|
Traders have expressed displeasure over new rules for Invoice Management System under GST regime.
"Now every bill, invoice, challan will have to be entered online in GST. This new system has been implemented on the GST Common Portal in the name of Invoice Management System (IMS). This has increased the problems for traders. It is time consuming for the traders," said Shankar Thakkar, president, All India Edible Oil Traders Federation.
Traders also rued that the new rules, which were implemented in November, have now made the registration process even more complicated and time consuming.
Thakkar said that the process of getting a new registration has also become quite complicated.
"Aadhaar verification is now being done through biometric method to get GST number. Now the trader has to go to the office for biometrics. Which is contrary to the resolution of ease-of-doing business. This system has also started recently from 29 November. Lakhs of traders were working overtime across the country for getting GST number."
Thakkar fears these complications can deter traders from getting registered under GST.
Besides, Thakkar added that whatever tax assessment orders passed by the CGST department, their Commissioner Appeal remains pending for long durations with the headquarters before disposal.
Thakkar suggested that the Government should consult traders as well before coming up with new plans.
|
|
|
|
|
|
|
|
|
|