VIEWS EXPRESSED BY MANY LEADING CHARTERED ACCOUNTANTS ON E-SUGAM

Nagaraj K.S 4:52 AM (17 hours ago) to me Sir, Such a pressure on the Industry (most of which is yet to be computer efficient) is not fine. It is suggested and prayed to the Hon'ble Commissioner of Commercial Taxes that this implementation may be postponed atleast for 6 months. The entire Trade is expected to be affected if such pressures of generation of e-sugam for every transaction are built in the middle of a year. GOVT AND DEPT OF TAXES SHOULD ENCOURAGE THE FREE & FAIR TRADE PRACTICE & BUSINESS WITHOUT MUCH INTERVENTION FROM THE DEPARTMENTS. WE THINK OF NO NECESSITY OF E-SUGAM ONCE THE GOODS IS COVERED WITH TAX INVOICE & MONTHLY RETURNS ARE BEING FILED...WITH E-SUGAM Thanks and regards, Ashish Koppa 4:25 AM (17 hours ago) to me Dear Sir, The industry which is already suffering from policy paralysis of central government is expected to be adversely impacted by this move of Commercial Tax department.Measures such as this will only result in fraudulent practices being resorted by the Trade and Industries. The Department should duly consider the practicalities of how industry works before implementing such measures, that too in the middle of the year. It would be best in the interest of industry if this measure is postponed to beginning of next Financial year. -- Regards, CA Ashish Koppa Deepak Jain 3:39 AM (18 hours ago) to me Sir, Such a pressure on the Industry (most of which is yet to be computer efficient) is not fine. It is suggested and prayed to the Hon'ble Commissioner of Commercial Taxes that this implementation may be postponed atleast for 6 months. The entire Trade is expected to be affected if such pressures of generation of e-sugam for every transaction are built in the middle of a year. The Department has not looked into the stock lying with the Transporters while implementation of E-Sugam for readymade garments. GOVT AND DEPT OF TAXES SHOULD ENCOURAGE THE FREE & FAIR TRADE PRACTICE & BUSINESS WITHOUT MUCH INTERVENTION FROM THE DEPARTMENTS. WE THINK OF NO NECESSITY OF E-SUGAM ONCE THE GOODS IS COVERED WITH TAX INVOICE & MONTHLY RETURNS ARE BEING FILED...WITH E-SUGAM Thanks and regards, -- Deepak P. Jain, CA, CS CA Deepak P & Co. | Chartered Accountant 17/1, 2nd Floor, 3rd Cross, Malleswaram, Banaglore 560003 Mobile: +91 9886111814 | Work Phone: +91 80 42108628 Dinesh Ranka 3:24 AM (18 hours ago) to me Dear Sir, The industry which is already suffering from policy paralysis of central government is expected to be adversely impacted by this move of Commercial Tax department.Measures such as this will only result in fraudulent practices being resorted by the Trade and Industries. The Department should duly consider the practicalities of how industry works before implementing such measures, that too in the middle of the year. It would be best in the interest of industry if this measure is postponed to beginning of next Financial year. Regards, Dinesh J Ranka, karan bothra 1:12 AM (21 hours ago) to me Dear Sir, Such a step in the middle of the year was totally unexpected. We sincerely request for your intervention on this matter and help the Trade for which E-Sugam implementation in the middle of the year is also impossible. The Tax Department has been unaware of the fact that the business of Readymade Garments and Hosiery is a seasonal business and hence, E-Sugam cannot be implemented in the middle of a Season. Regards, Karan Bothra Banu chandra C 12:47 AM (21 hours ago) to me Dear Sir, Introduction of E-sugam on RMG will affect a lot of small traders who are making their living with the help of this business. Introduction of E-sugam will be like taking away the part of living which a small trader is making to pay to the consultant or to buy a computer and have internet connection just to issue E-sugam. A cost of thirty thousand plus for a computer and a minimum cost of Rs.250/- per month for internet connection will affect a small dealer very dearly. Also considering the fact that the dealer are less educated about the computer, the department should provide them a little more time to get accommodated to the new system and procedure. Thanks and regards, C. Bhanu Chandra Reddy Girish Venkey 12:46 AM (21 hours ago) to me Dear Sir, Some relaxation has to be given to the industry at large on certain compliances - may be based on the turnover of the trader, goods involved in the movement, no of transactions in a quarter etc. The implementation of schemes at the beginning of any tax year would be preferred instead of mid-term implementation. Thanks & Regards Girish SOMA SHEKAR 12:41 AM (21 hours ago) to me Dear Sir, The industry which is already suffering from policy paralysis of central government is expected to be adversely impacted by this move of Commercial Tax department.Measures such as this will only result in fraudulent practices being resorted by the Trade and Industries. The Department should duly consider the practicalities of how industry works before implementing such measures, that too in the middle of the year. It would be best in the interest of industry if this measure is postponed to beginning of next Financial year. Regards, CA Somashekar.R Suresh Kumar 12:19 AM (21 hours ago) to me Sir, Such a pressure on the Industry (most of which is yet to be computer efficient) is not fine. It is suggested and prayed to the Hon'ble Commissioner of Commercial Taxes that this implementation may be postponed atleast for 6 months. The entire Trade is expected to be affected if such pressures of generation of e-sugam for every transaction are built in the middle of a year. The Department has not looked into the stock lying with the Transporters while implementation of E-Sugam for readymade garments. Thanks and regards, Suresh Suresh Kumar 12:18 AM (21 hours ago) to me Dear Sir, It is humbly submitted that the entire Trade and Industry is expecting the postponent of E-Sugam implementation on Readymade Garments. Sir, the Garment and Hosiery Industry is a season specific industry as you are aware and E-Sugam implementation in the middle of this Winter Season has left various dealers stranded and under the grip of huge tension. If the E-Sugam implementation is not extended, this could result in a damage much beyond what we can comprehend. It would be highly appreciative if this implementation is postponed till April 2014. I have witnessed the dealers who are yet to be educated on generation of E-Sugam and I really feel that a sudden implementation of E-Sugam would result in miscarriage of natural justice. I have seen genuine dealers paying very high to the consultants for generating each E-Sugam. Sir, we are with you. We thank you for your efforts being put in. Sir, please help the entire trade and industry by getting this extension of E-Sugam implementation. This would be a blessing to the entire Trade and Industry. I pray that God would intervene in this matter and help out the sincere and genuine dealers who are faced with the task of clearing this huge stock of seasonal goods in such a short period of time on account of E-Sugam Implementation. Regards, Suresh RESPECTED SIR THESE ALL ARE THE VIEWS EXPRESSED BY LEADING CHARTERED ACCOUNTANTS AND TRADERS OF BANGALORE ABOUT THE PROBLEMS WE MAY FACE FROM THE E-SUGAM BEING IMPLEMENTED IN THE MIDDLE OF THE YEAR .. SOME VIEWS I RECEIVED ON MY MAIL AND SOME WERE ON MY BLOG..sajjanrajmehta.blogspot.com where you can VIEW THE VIEWS OF CAIT GENERAL SECRETARY SRI PRAVEEN KHANDELWAL AND KHAGA PRESIDENT SRI MANOJ GARG TOO...WE ARE FOR THE WELFARE OF THE TRADE AND TRADERS AND BETTER CO-ORDINATION BETWEEN THE COMERCIAL TAXES DEPARTMENT AND TRADE ASSOCIATIONS... WITH KINDEST REGARDS YOURS SINCERELY JAIN SAJJAN RAJ MEHTA TRADE ACTIVIST 09845501150