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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)
P ASHOK
P ASHOK 10 years 1 month ago
greetings n proposed GST, SALES TAX PRACTIONERS- who are present doing most of the compliance under the STATE VAT acts are not recognized to issue Annual Return GSTR-8 in respect of assesses covered by Tax Audit U/s 44AB of Income-Tax Act. Here the following points may be considered for granting such powers of certification to SALES TAX PRACTIONERS WHO ARE DULY REGISTERERED UNDER THE RESPECTIVE STATE VAT ACTS AND RULES may kindly be continued under the proposed GST.
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P ASHOK
P ASHOK 10 years 1 month ago
greetings ir,the GST ACT and Rules should be made public insted of the REPORTS at least 3 months in advance before the date of its introduction.If this is the attitude of the Government can we expect the GST to replace the VAT smoothly? All the States should also make public the draft ACT and Rules and the comments of all the stake holdes should be considered in the light of natural justice without harming the existing procedures and the STP's already registered under the State Vat Acts.
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P ASHOK
P ASHOK 10 years 1 month ago
greetings n proposed GST, SALES TAX PRACTIONERS- who are present doing most of the compliance under the STATE VAT acts are not recognized to issue Annual Return GSTR-8 in respect of assesses covered by Tax Audit U/s 44AB of Income-Tax Act. Here the following points may be considered for granting such powers of certification to SALES TAX PRACTIONERS WHO ARE DULY REGISTERERED UNDER THE RESPECTIVE STATE VAT ACTS AND RULES may kindly be continued under the proposed GST
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P ASHOK
P ASHOK 10 years 1 month ago
greetings In proposed GST, SALES TAX PRACTIONERS- who are present doing most of the compliance under the STATE VAT acts are not recognized to issue Annual Return GSTR-8 in respect of assesses covered by Tax Audit U/s 44AB of Income-Tax Act. Here the following points may be considered for granting such powers of certification to SALES TAX PRACTIONERS WHO ARE DULY REGISTERERED UNDER THE RESPECTIVE STATE VAT ACTS AND RULES may kindly be continued under the proposed GST
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Rohit Jain_32
Rohit Jain_32 10 years 1 month ago
Also since the report provides for furnishing Audited copy of annual accounts along with GSTR-8 the assessing authority can see the details from such annual accounts. Also there is provision for Furnishing of Consolidated Return for taxpayers whose accounts are audited u/s 44 AB of Income ax Act, 1961. In light of the said arguments please scrap matching of gross profit/loss of GST returns with annual accounts.
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Rohit Jain_32
Rohit Jain_32 10 years 1 month ago
As per page 36/72 of GST Committee on Returns it is mentioned that gross profit/loss arrived on the basis of information submitted in GSTR-8 should match with gross profit/loss mentioned in P&L account of the dealer. This is not theoretically correct as the details of direct expenses and other income is not furnished in GSTR-8. Also no information is furnished relating to value of Opening and closing stock of inventory whihc affects gross profit/loss in books of accounts
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RAMANNA_1
RAMANNA_1 10 years 1 month ago
sir,the GST ACT and Rules should be made public insted of the REPORTS at least 3 months in advance before the date of its introduction.If this is the attitude of the Government can we expect the GST to replace the VAT smoothly? All the States should also make public the draft ACT and Rules and the comments of all the stake holdes should be considered in the light of natural justice without harming the existing procedures and the STP's already registered under the State Vat Acts.
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RAMANNA_1
RAMANNA_1 10 years 1 month ago
In proposed GST, SALES TAX PRACTIONERS- who are present doing most of the compliance under the STATE VAT acts are not recognized to issue Annual Return GSTR-8 in respect of assesses covered by Tax Audit U/s 44AB of Income-Tax Act. Here the following points may be considered for granting such powers of certification to SALES TAX PRACTIONERS WHO ARE DULY REGISTERERED UNDER THE RESPECTIVE STATE VAT ACTS AND RULES may kindly be continued under the proposed GST
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RAMANNA_1
RAMANNA_1 10 years 1 month ago
Sir, As proposed in GST the certification in form GSTR-8 by CAs should be confirmed only to Corporate assesses, the non corporate assesses should be allowed free to get certified by the excisting STPs as prevailing under sec31(4) of KVAT Act 2003 in augmenting the revenue and monertaring voluntary compliance to the state, In case if the STPs are neglected in the GST stream they may become burden on the society as they become unemployed. All the existing STPs may be treated as TRP. Thanking you
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S V MALLIKARAJUNAIAH
S V MALLIKARAJUNAIAH 10 years 1 month ago
sir,the GST ACT and Rules should be made public insted of the REPORTS at least 3 months in advance before the date of its introduction.If this is the attitude of the Government can we expect the GST to replace the VAT smoothly? All the States should also make public the draft ACT and Rules and the comments of all the stake holdes should be considered in the light of natural justice without harming the existing procedures and the STP's already registered under the State Vat Acts.
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