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GST Committee Report on Refunds
![GST Committee Report on Refunds GST Committee Report on Refunds](https://static.mygov.in/static/s3fs-public/styles/group/public/mygov_1444627678190667.jpg)
Start Date :
Oct 12, 2015
Last Date :
Nov 16, 2015
00:00 AM IST (GMT +5.30 Hrs)
The Government of India intends to introduce the Goods and Services Tax (GST) in the country at the earliest. GST seeks to subsume many indirect taxes at the Central and State ...
There should not be any separate application for claiming refund. Return itself should sufficient for the following reasons.
1. All input tax credit can be verified by the department as the GSTR 1 of the opposite dealers are availabe.
2. All taxes paid are available to the department since payment is updated on realtime or almost real time basis.
3. the combined balance of all ledgers will establish if refund is actually available to dealer or not.
However on the basis of information available with the department a portion of cases may be selected for Audit/Scrutiny. Refund is the backbone of the GST regime. It should be granted immidiately like it happens in Income Tax. Wherever this is left to the discretion of authorities then even God cant save the taxpayers.
Govt. should be as prompt in paying the refund as it likes its taxpayers to be. Refund on the basis of claim should be granted even when an audit is underway.
Entire refund process that has been suggested for all type of refunds including even tax paid by mistake smacks of a complete bureaucratic mindset where any claim by the dealer is to be " verified" by the concerned officials. It must be understood that if there has to be a verification to the " satisfaction" of officers what is going to happen. Refund due as per return after invoice level details have been filed by the dealer in GSTR-1 and 2 and reconciled in GSTR 3 should be granted immidiately
JCSS suggestions on GST refunds processes
Recommendations by GST Core Committee of The Sales Tax Practitioners' Association of Maharashtra
In case if the STP's and are neglected in the GST stream, they may become burden on the society, as they become un-employed. In India the STP's are all over states. i request you that these STP's are practicing more than 30 years and from 01/04/2005 vat comes the sales tax practioner professionals are young and he well no the computers this my request.
Please refer to our comments on Refund Process
CII Recommendations on Refund process
Refund suggestions on behalf of Airline Industry
Payment under mistake should be synchronize with the error correction process