Intorduction of a system
As all of you aware In karnataka ITC Matching Status is creating lot of problem.
And working for accuracy and correctness taking much more time.
Can we have all over india a system for each state or all states as below :
1. Mr x uploads to in his login ID based on PAN that to Mr. Y (HIS PAN Shall be Quoted) i am selling a specified Product/s such number at such rate. Tax on above shall be caluclated automatically at specified rate.
2. In Mr Y login it should show for approval Once Mr. Y approves a unique invoice for both the party shall be get generated. Mr X can take print and send the material to location which can be mentioned while providing the details in point 1.
3. Like this process shall go on for a month At the end of month After Input and output Tax Final Tax payable will get generated. and such tax shall be paid within a specified date and thereafter it shall continue.
4. If a dealer or Assessee do not pay tax his login will get locked.
It's a simple process for avoiding so many Papers, Administration cost bulla bulla.
Even Services, Excise can be included in above system (GST)
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