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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)
SANCHAY KUMAR ROY
SANCHAY KUMAR ROY 10 years 8 months ago
DEAR RESPECTED GOVERNMENT, IN NEW ACT CALLED GST ACT. THE RATE OF TAX SHOULD BE REASONABLE. RETURN FORMAT SHOULD BE SIMPLE AND EFFICIENT MANNER. GST RETURN SHOULD BE AUDITED. BOTH INTERNAL AND ANNUAL AUDIT REQUIRED. PRACTICING COST ACCOUNTANT SHOULD BE RECOGNIZED FOR ACCOUNTANT AND AUDITOR IN GST ACT. EFFICIENCY OF GOODS SOLD AND SERVICES SOLD TO BE DETERMINED BY PRACTICING COST ACCOUNTANT. THANKS TO GOVERNMENT AND OTHERS. COST & MANAGEMENT ACCOUNTANT MR. SANCHAY KUMAR ROY. 91-8420507106
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NITIN KHURANA_1
NITIN KHURANA_1 10 years 8 months ago
Respected Sir, Though we understand that our country needs GST and will generate more GDP In the present form, GST has many anomalies. Initially when discussion on GST started till 2009/10, when one GST was being followed, till that everybody knows its a good concept and thereafter when Dual GST concept was added, also worse things happened. All states are requiring their share of quotas. Now GST which is applicable on consumption basis, hence problems started. Please go back to single GST.
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VDMMA
VDMMA 10 years 8 months ago
Sir, The Finance Ministry has asked for suggestions, comments and views regarding the Goods and Service Tax GST Registration, GST Payment Process, Refund Process from the general public in mygov.in before 31.10.2015. The time permitted for submitting suggestions ie)upto 31.10.2015 is very short. On behalf of our Association, we request your goodself to extend time limit by another one month ie) upto 30.11.2015.-NATARAJAN President,The Virudhunagar Dhal Merchants & Manufacturers Association.
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sreeram kaza
sreeram kaza 10 years 8 months ago
in the GSTR- 1 at the serial number 12 at the column number: 3 how the services will have the HSN code ? - this shall be deleted from the place to avoid the confusion . Or the new HSN tariff will be placed for the WCT / civil works ?
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sreeram kaza
sreeram kaza 10 years 8 months ago
This is Sreeram kaza . In the return of GSTR- 1 at serial number : 11 - one has put the shipping bill number / bill of export number and date . Please note that the shipping bill / bill of export are received by the exporters only after the period of 15 to 20 days and not before that as a system of practice of this country for several reasons. How the exporter can put the number in his monthly return and can file the same before 10th of the month . - needs to be deleted these 2
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Ramakrishnan Chandrakanthan
Ramakrishnan Chandrakanthan 10 years 8 months ago
Instead of bringing 1% Additional Tax,CST rate may be reduced to 1% and corresponding Input Tax Credit over and above 1% may be transferred to Destination State.Levy of tax on inter-state services is within the domain of Centre.Besides the services connected with entries in Central List can be effectively taxed by the Centre.State may confine itself only to intra-state services.
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Ramakrishnan Chandrakanthan
Ramakrishnan Chandrakanthan 10 years 8 months ago
Whether State has Constitutional power to include the sales effected in other States in the Gross Annual Turnover to arrive at the threshold for Compounding Turnover?Why should we not follow the GST implementing countries and exempt from GST Registration the dealers exclusively dealing in tax-free goods(ie goods not liable to tax) or assign General Registration Number to avoid misuse of GST Number?
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Ramakrishnan Chandrakanthan
Ramakrishnan Chandrakanthan 10 years 8 months ago
When developed countries including those in European Union continue to call it as VAT,why should we change the name following small countries like Canada,Australia,Newzealand,Singapore and Malaysia and call it as GST and confuse the common people.It can be simply termed as Central VAT and State VAT.
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