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Rule 86B 1% GST Payment by Cash Ledger Condition Amnesty Needed
Thousands of compliant businesses are facing penalties under Rule 86B due to procedural lapses and liquidity issues.
A one-time amnesty scheme would:
✔️ Reduce litigation
✔️ Improve compliance
✔️ Support MSMEs
✔️ Ease working capital stress
Kindly consider relief for genuine taxpayers.
@cbic_india
Ram Bajaj
8696424223
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@AnsHi_0X RBI has given banks a free hand to levy charges left, right and centre. These banks which are milked by big corporates in turn loot smaller traders, individuals and likes. They change the account type randomly w/o even informing the acc holder to impose bank chg. Pure loot.
India has got a wonderful Prime Minister, caring, loving and supportive There is no one like Modi-
The heat has increased a lot, so everyone should drink plenty of water.
India’s great Prime Minister Modi held a high-level meeting yesterday. In the meeting, he called all the MPs and ministers. The entire country was expecting that, with the rising prices of petrol, diesel, and CNG, increasing inflation, and the difficult situation faced by poor people, small business owners, street vendors, and rickshaw pullers, the government would announce some relief measures or make an important decision.
But the interesting part is that Prime Minister Modi told his MPs and ministers:
“The heat has increased a lot, so all of you should drink more water.”
And then the meeting ended.
Tell me, can there be a more caring Prime Minister anywhere? In a high-level meeting, he is advising his MPs and ministers to drink plenty of water.
Now wait and watch. Today they are asking people to drink more water. India was already mixing 20% ethanol in petrol, and now the government plans to increase it to 30%. Slowly, after some time, they may even say, “Please drink less water too, we need it to produce ethanol.”
Now it is becoming clear why the great Prime Minister does not hold press conferences. He probably knows that he may not be able to answer even five serious questions.
If questions are asked about development, education, national security, healthcare, and corruption, then he himself might need to drink plenty of water.
Hey All CAs who r dealing with SME traders, don't your clients face " Cash Deposit Charges" by banks? Is it left to the Bank's discretion by RBI to charge whatever they like ? These pvt banks like ICICI & HDFC charge hefty amount. I have faced this chg from both banks.
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@R_N_Vaghani@maryawaquar@Infosys_GSTN I never depend on the GST portal on last days for the last 3-4 years. Ye kab pareshan karega koi nahi kah sakta. As I myself file my R1 and 3B, I consider Due dates as 9th and 18th. Better be safe than sorry.
🚨Practical issue in Tobacco and other MRP based goods w.e.f. 1.2.2026
Example in Advisory issued:
RSP: Rs1,00,000
GST Rate: 40%
Tax payable: Rs 28,571 [1 lac*40/140]
Deemed value: Rs. 71,428
Actual sale consideration : Rs.60,000
Invoice value : 88,571
As per GSTN advisory, taxpayer is expected to report the actual sale value in GSTR-1 (60000) as Taxable Value and manually edit the auto calculated Tax value to 28571on the basis of the deemed value.
However, in the offline utility, a practical difficulty arises. The utility calculates tax directly from the taxable value entered by the taxpayer. Therefore:
📌if actual sale value of ₹60,000 is entered, tax is calculated on ₹60,000 only, which is not as per the advisory
📌if deemed taxable value of ₹71,428 is entered, tax of ₹28,571 at 40% is correctly calculated, but the actual sale consideration of ₹60,000 is not reflected.
Thus, as of now, a taxpayer using the offline utility has only one practical option: to enter the deemed taxable value so that correct tax is computed, while ignoring the actual sale value in return reporting.
@Infosys_GSTN@cbic_india may kindly acknowledge this practical issue and provide a separate field for deemed taxable value in the offline utility & online too,so that both actual sale value and the deemed value can be reported correctly in line with the advisory.
Request professionals to comment if they are facing the same issue @CA_HarshilSHETH
@AbhasHalakhandi I had pointed out this issue earlier too. The solution which I use is to e invoice every registered sales. Then B2B is directly updated from there with correct figures. Then B2CS is edited manually. Rest HSN is updated ok with .CSV files.
@CA_rohitkc@Infosys_GSTN@GSTN_IT Dear @Infosys_GSTN - Please make necessary amendments in Offline Tool as well as in portal B2B & B2C tables, so that tobacco dealers can upload data from the Json file and don't have to go for manual entry. Feb returns submitted but Mar onwards GSTR 1 should be easy to file.
Tobacco GSTR 1- Advisory Dt 23/01 says to give actual goods value as Taxable Val in B2B/C. Tax auto calculates on that (40% MRP). So mismatch in actual & GSTR 1 tax details. No provision for deemed taxable val. And hence no solution other than Einv & manual entry. @Infosys_GSTN
@CA_rohitkc@Infosys_GSTN Right but for taxpayers who have many many entries to fill how will they manage. Aren't they ought to think about the process of compliance? They must find a way out of this.
@GSTN_IT@Infosys_GSTN
@Infosys_GSTN I had contacted the help line. Their simple answer was to go according to 23rd Jan advisory. Contacted many others, everybody was having the same issue. Some solution needed.
Would like to invite the kind attention of @nsitharaman madam, @cbic_india and @PMOIndia on the subject matter of recognizing "Payments under Protest" in the GST regime, raised by @aarchanay ji.
A payment under protest in short, is said to be made basically to aid an investigation, without actually admitting or accepting a liability. The concept of making a payment under protest is a well settled one in Pre GST regimes like Central Excise, Service Tax and VAT. It has also been acknowledged by the Judiciary.
In GST however, officers are reluctant to accept a payment as a payment under protest, despite a clear indication and intent from the taxpayer. Stakeholders do not find a reason as to why such under protest payments are not / should not be accepted.
The one specific form to make payments in GST is mentioned in the "Demands and Recovery" Chapter of the Act, and the name of the form is DRC-03.
Officers, while rejecting payment under protest state that once a taxpayer makes payment through a DRC-03, it is an automatic admission of liability, as the form itself is named as "Demands and Recovery". This reason is unacceptable as there is no other way of making payment in the law as well as on the Portal.
In view of the above, it is requested to instruct field formations to accept and recognize payments under protest vide DRC-03 and adjudicate matters accordingly.