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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)

Soumyaranjan Biswal 10 years 11 months ago

The return should also give importance for two specific points I.e. 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.

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Gaurav Doshi 10 years 11 months ago

#GSTReturns Revision of returns should be allowed because there would be occurences wherein the nature of errors/mistakes would involve areas other than unreported or under-reported invoices. #GSTReturns

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Ritesh Gadia 10 years 11 months ago

Sir please make a stable law for those how are doing fare business but make a strong law for people how are not doing fare business that is if any one caught in unfair business than the goods were taken in government custody and the tax were collected from the party which were doing unfair business on goods so that no one can do unfair business how has fear to lose goods and also heavy tax on those goods and also make an FIR against transport how is transferring goods without invoice

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Manoj Agarwal 10 years 11 months ago

The #ReportonReturns suggest the invoice level supply information pertaining to the tax period separately for goods and services in GSTR-1. Alternatively, it should also be allowed for customer wise i.e. aggregate supplies made to a GSTIN during a period should be allowed to be reported instead of invoice level reporting to save valuable resources. Manoj Agarwal, Service Tax Consultant #GST Rourkela +91-9937041788

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JAGDISH PATHAK 10 years 11 months ago

GST return should be required to file in small cases e.i. turn over below rs.1 crore quarterly basis, while in other cases, the return should be required to file monthly basis. Further, the return filing period should be 30 days to 45 days and tax payment period should be 20 to 25 days. There should be some gap of atleast 8 to 15 dyas from to payment of tax for filling the return. Yearly return should be final after all adjustment to filed upto 30 june. any error can be rectified in yearly retun

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