GST Committee Report on Returns

GST Committee Report on Returns
Start Date :
Oct 20, 2015
Last Date :
Nov 16, 2015
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

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 ...

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 level. The proposed dual GST envisages taxation of the same taxable event, i.e., supply of goods and services, simultaneously by both the Centre and the States.

The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014, has been introduced in the Parliament for facilitating the introduction of GST in the country. Simultaneously, committees comprising of officers from the Central Government, as well as the State Governments, have been constituted for the drafting of Model CGST, SGST and IGST laws, and GST business processes of registration, refunds, returns and payments.

The draft Model CGST, SGST and IGST laws, shall be put up for inviting comments of stakeholders in due course. Presently, the draft business processes on GST returns, GST registration, GST refunds and GST payments are being published.

The Report of the Committee on GST Returns is available here. Comments and views are invited on these business processes by 6th November, 2015. Users are requested to keep in mind the guidelines for posting their comments:

1. Please use the following hashtags for commenting on the report:

a. #GSTReturns: for general comments.
b. #GSTReturnsForms: for comments on proposed Returns Forms

2. Please restrict your comments to 500 characters. In case your comments exceed this limit, please upload your comments as a pdf document.

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Showing 245 Submission(s)
pramodh_3
pramodh_3 8 years 10 months ago

e-governance should improve because in this gov have lot of dept what to do i don't know what they will work.my what will bring inside and send out side .for me eduction standards should improve with sports

khasrini@gmail.com
srinivas khanna 8 years 10 months ago

#GSTReturnsForms Returns to be uniformly on monthly basis. Since it is a composite return for a month keep the date of filing as 10th of next month. Map requirements with TDS returns of IT Dept and VAT of State Govts. Remove multiplicity. Provide for a revision of return to be made by 25th of the next month with a late filing fee. View it from taxpayer perspective and make it compatible to existing a/cting softwares. The upload of return to be easy and initial stage corporate to use DSC.

pawandca@gmail.com
Pawan Dumbani 8 years 10 months ago

Return ka period same hona chaiye either Quaterly or Monthly. Best option : Monthly for all dealers, isme reconcilation karne me aasani hogi aur kaam speed se hoga, jo dealer galat kaam karte h unko time nahi milega manipulate karne ke liye. return ke sath annex bhi upload karna hoga buyer and seller ke GST no wise, return revise option hona chahiye h but limited period ke liye may be 15-30 days, late date of payment 21st of next month hona chahiye h and return next 25th of month.

pawandca@gmail.com
Pawan Dumbani 8 years 10 months ago

माननीय मंत्री जी
GST में पेमेंट मोड पर कुछ सुझाव देना चाहता हु
एक नया तैरीका जो आसन भी ह और सामान्य आदमी कर भी सागता है
पेमेंट टेलिकॉम कंपनी के थ्रू
कैसे : सारी टेलिकॉम कंपनी एक गवर्मेंट टॉप उप लाएगे जिसमे लोगो को फुल बैलेंस मिलेगा और वोह बैलेंस सिर्फ गवर्मेंट चालान में यूज़ होगा
चालान वाया sms भरा जायेगा
उदारण के लिए जब SGST का पेमेंट करना हो तो टाइप
PANBASEGSTNO SGST/CGST/IGST ०१०४१६ TO ३००४१६ T (अमाउंट) I (अमाउंट)
सेंड तो एनी गवर्मेंट नों
बैलेंस टॉप उप में कम हो जायेगा
धन्यवाद

CASunilGaur
Sunil Gaur 8 years 11 months ago

Good for accountants profession ( Ha Ha Ha) It will be quite burdensome and costs are bound to increase for all kind of taxpayers. Some more issues:
1. Sales invoices once filed( GSTR-1) cant be amended except in case of changes suggested by purchasing dealers. What if sales is B2C and some mistake happened ?
2. Correction should be available at least for one quarter.

CASunilGaur
Sunil Gaur 8 years 11 months ago

Filing of invoice level details of sales by 10th of next month and purchase by 15th is a tall order both for small and large taxpayers. For large taxpayers compiling the data in such a short time is difficult and for small taxpayers who use part time accountants and bookkeepers it will be not only very demanding but also a costly affairs. The cost of compliance is definitely going to increase. Why this process cant be made aquarterly affair instead of monthly ?

To continue .......

binoydey64560@gmail.com
Binoy Dey 8 years 11 months ago

sir your varat mala road map is not a complete design,where is south portion please think it,please complete the design and passa the accounts ,complete the project may be 10 years but it will be the asset of INDIA and good connectivity in our life ,,please do it as early as possible and nobody

Raju V Iyer
Raju V Iyer 8 years 11 months ago

Apparently the compliance burden is expected to increase many fold on account of the proposed monthly filing of returns with invoice level details for B2B and inter-state B2C supplies. High level of automation is expected to be achieved by the assessee which seems to be a tall order - atleast for the start

P Basaveshwara
P Basaveshwara 8 years 11 months ago

STP’s with specified qualification also includes many Law graudates and Post Graduates in Commerce and semi-qualified CA’s/ ICWA’s as well. They are well versed in Indirect Tax Laws and very well experienced in Indirect Tax Law procedures. They have many staff working under them. If they are not allowed to certify the GSTR-8 return ie.,(annual return) it amounts to injustice and will have adverse impact on tax collection and employment. Please use their expertise and experience.