English language

Home | MyGov

Accessibility

Accessibility Tools

Color Adjustment

Text Size

Navigation Adjustment

Screen Reader iconScreen Reader

Revenue and GST

Sort By :

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.

See Details Hide Details

All Comments

Reset

Showing 245 Submission(s)

SANDIP G UPADHYAY 10 years 11 months ago

Make return format easiest.so,it can fill and upload in a few minutes.At present excise return and vat return is time consumed process. Man is not without mistake so option of amended return need must.

Like (2)

Dislike (0)

Report Spam

JAGDISH PATHAK 10 years 11 months ago

In respect to GST return, It should be online filling in all cases either, monthely, quarterly, or yearly. There should be provision of filling revised return within 3 to 6 months in case of monthly/quarterly return and 1 year in case of yearly return. The processing or scrutiny of return should be online. In case of small assesse upto turn over of 1 crore, self assessment or deemed assessment scheme should be introduced. GST retrun should be simple and easy,freindly user to assesse & practioner

Like (2)

Dislike (1)

Report Spam

Emipro Technologies Pvt Ltd 10 years 11 months ago

If government can reduce the stamp duty on assets (land, home, offices, etc.) and increase the circular rate. This will help to reduce the amount of black money being generated from purchase/sale of land, house, etc, and will not effect on the government income. And later on, government can get more tax based on that value ! #GST, #ReportonReturns, #GoodsandServicesTax, #Departmentof Revenue, #MyGov

Like (1)

Dislike (1)

Report Spam

Baburaj_4 10 years 11 months ago

We should look at simplifying the business process for input tax credit management taking complete advantage of information technology and ensuring efficient procedures. The business process outlined in the document could be much more simplified without compromising on governance which will much more scalable from compliance perspective

Like (0)

Dislike (1)

Report Spam

Baburaj_4 10 years 11 months ago

With the proposed GST regime what will be the taxable event (point of taxation) for availing input tax credit. Will it be on receipt of goods or services or on successful upload and tax payment initiated by the supplier. I would suggest to look at the exact business process with a much more holistic view as systems will have to be designed appropriately by GSTN as well as Tax payers to handle the compliance requirements based on scalable logic

Like (0)

Dislike (0)

Report Spam

Baburaj_4 10 years 11 months ago

What is the significance if ISD under proposed GST regime? State will be the primary jurisdiction for GST. My view is that there will not be the concept of centralized billing for services as it exists today. Ideally GST for services should be levied based on place of supply rules. ISD would be very complex considering that different states will also get involved in an ISD transaction

Like (0)

Dislike (0)

Report Spam

Baburaj_4 10 years 11 months ago

What is the significance of TDS (Tax Deducted at Source) under GST regime considering that GST will be a tax levied on supply of Goods or Services or both for a consideration. I would expect that under GST the current requirements under WCT should undergo major changes.

Like (1)

Dislike (0)

Report Spam

Soumyaranjan Biswal 10 years 11 months ago

#GSTReturns:- Second, Supplementary invoice/Debit note/credit Note - In auto industry supplementary invoice is a common practice for price revision where separate invoice is raised where a detailed annexure will be prepared for original invoice and price working which will have number of pages. When GST return talks of linking the debit note/credit Note to original invoice. System, should allow to upload the details to system.

Like (0)

Dislike (0)

Report Spam

Soumyaranjan Biswal 10 years 11 months ago

The return should also give importance for two specific points I.e. #GSTReturns:- sales in transit - In this case the seller could have uploaded the sales in GSTR1 where as the purchase has not received yet. So he will not show this purchase in GSTR2 even though the same will so in its return as collected from system. In this case the system should show the cumulative pending recon of GSTR1 Vs GSTR2 with a separate report.

Like (0)

Dislike (0)

Report Spam

Soumyaranjan Biswal 10 years 11 months ago

Second, Supplementary invoice/Debit note/credit Note - In auto industry supplementary invoice is a common practice for price revision where separate invoice is raised where a detailed annexure will be prepared for original invoice and price working which will have number of pages. When GST return talks of linking the debit note/credit Note to original invoice. System, should allow to upload the details to system.

Like (1)

Dislike (0)

Report Spam