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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 8 months ago
In case of STPs are neglected in the GST stream, they may become burden on the society as they become un employed. all existing STPS should treated as TRPs. Depening only upon a single professional will not yeild expected success. since voluntary compliance will not be monitored since non participation of mejority of nationals.
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Parampreet Singh Khurana
Parampreet Singh Khurana 10 years 8 months ago
Instead of have 3 dates for returns, GST should have only one return and that too by 15th of next month. That return should cover all the dealers/suppliers and all types of supplies - inward/outward/export/taxable/non taxable, etc. This will help in reducing time spend on returns and more focus could be on better governance. Further, make a mandatory annual return which should be compilation of whole year's transaction and any discrepancy, error removal window should be given in thatreturn
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SANCHAY KUMAR ROY
SANCHAY KUMAR ROY 10 years 8 months ago
GST RETURN SHOULD BE SUBMITTED ON YEARLY BASIS LIKE INCOME TAX RETURN. RETURN SHOULD BE AUDITED AND CERTIFIED BY PRACTICING COST ACCOUNTANT ALONG WITH CERTIFIED STOCK STATEMENT BY PRACTICING COST ACCOUNTANT.WE NEED UNIFORM SYSTEM BOTH DIRECT AND INDIRECT TAXES. DIRECT TAX KNOWN AS INCOME TAX AND INDIRECT TAX SHOULD BE KNOWN AS GOODS AND SERVICE TAX. FORMS OF GST RETURN SHOULD BE APPROPRIATE AND IT SHOULD BE APPLICABLE FOR ALL TYPE OF BUSINESS CONCERN.THANKS CMA SANCHAY KUMAR ROY 91-8420507106
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SANCHAY KUMAR ROY
SANCHAY KUMAR ROY 10 years 8 months ago
GST ARE SUBSUME OF ALL INDIRECT TAXES. STATE LEVEL AND CENTRAL LEVEL TAXES. WE NEED ONLY ONE NAME THAT IS GST. GOODS AND SERVICE TAX. IT SHOULD NOT BE CLASSIFIED AT SGST, CGST AND IGST. IT SHOULD BE ONLY ONE NAME GST AND GST RETURN SHOULD BE AUDITED AND CERTIFIED BY PRACTISING COST ACCOUNTANT. PRACTSING COST ACCOUNTANT SHOULD BE TREATED AS AN ACCOUNTANT AND AUDITORS IN GST ACT. THANKS TO GOVERNMENT AND OTHERS. CMA SANCHAY KUMAR ROY.
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prem kumar
prem kumar 10 years 8 months ago
CMA are playing vital role in Economy development and ensuring Cost effective system of the nation economy. Cost Accountant - CMA should be recognized at par with CA in GST as well as Direct Taxation.
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K SRINIVAS_7
K SRINIVAS_7 10 years 8 months ago
In connection to TRP scheme it is better to obtain a certification from NISM on GST . NSE ,AMFI, AND NDSL is ensuring to get certification with Min Qualification of 10+2. now I hope with this NISM certification ON GST TRP will get updated with CBEC rules and tax payer & CA requirements for filling of GST RETURN. then CA certification is mandatory for filling. this is one of the way for GOVT and CBEC to help self employees . We hope CBEC will take good decision for self employees.
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