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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)
CA Arpit Haldia
CA Arpit Haldia 10 years 8 months ago
GSTR-1 require filling detail of Credit/Debit Notes and Amendments to details of Outward Supplies of earlier tax periods. It is understood that one pertains to scenario where Invoices are not revised but credit/debit notes are issued and other pertains to wherein invoices are revised. The dividing line between the two is very thin & would lead to wrong submission of Data. The report also does not differentiate it clearly.The two details should be merged for simplicity of the return.
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SRI KRISHNA
SRI KRISHNA 10 years 8 months ago
In proposed GST, Non-CA Tax Professionals are not recognized to issue separate reconciliation statement in respect of assesses covered by Tax Audit U/s 44AB of Income-Tax Act. This is totally unjust & causes strict hurdle for compliance under GST - See PDF Attachment -
mygov_144587697233322.pdf
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Shubham Singhal
Shubham Singhal 10 years 8 months ago
#GSTReturns It is very good for us, I hope it will activate as soon as possible. I want to thank to our government and I want to give a suggestion that it must be transparent to all over the people of the country. it is very important to to make it very easy. Thank you :)
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CA Arpit Haldia
CA Arpit Haldia 10 years 9 months ago
Base document in GST is GSTR-1. The information submitted in GSTR-1 will auto-populate GSTR-2 and GSTR-3. The details of the revised Invoices and Debit Note and Credit Note will also be auto-populated in GSTR-2 through the Information submitted in GSTR-1. Submission of correct Information in GSTR-1 is of primary Importance. Purchaser would suffer on any incorrect information submitted by Supplier in GSTR-1. What would be the check or penalty on supplier if he furnishes incorrect information.
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CA Arpit Haldia
CA Arpit Haldia 10 years 9 months ago
GSTR-8 contains reference to sales return. When GST only refers to inward and outward supplies, how come there be sales return. It should have been outward supplies return. The very logic of requiring each and every detail in Annual Return defies everything. When the Government is asking for filing the monthly returns, an option may be given to rectify the errors in subsequent returns.
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CA Arpit Haldia
CA Arpit Haldia 10 years 9 months ago
Seems that GSTR-8 has been prepared in haste so that the Business Report on returns may be rolled out early. Either there would be no auto-population in GSTR-8 as the forms does not contains any reference to auto-population other than S.No 1 and 2. If it is so then if the government expects the dealer to fill them manually then it is highly irrational. Why the data for manual returns cannot be used for GSTR-8 for auto-population with the option to edit.
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CA Arpit Haldia
CA Arpit Haldia 10 years 9 months ago
For simplicity, it has been provided that the details would be autopopulated but who is going to fill them a common citizen of India who is working hard day in day out to carry out his business. There are so many technical terms that its nearly impossible that mistakes would not be committed in filing the return. Government should be a facilitator and not a hindrance in conducting the business. It rarely seems from the compliance requirement from GST.
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CA Arpit Haldia
CA Arpit Haldia 10 years 9 months ago
After Going through the returns procedure, I do not see how GST would be a dealer friendly measure. Does the government wants the dealer to be engaged in filing of returns and compliance only. These are highly irrational requirement from the dealers and needs to be brought down seriously. There would be GSTR-1,GSTR-2, GSTR-3,GSTR-8, Cash Ledger, ITC Ledger and Tax Liability Ledger for Normal Dealers. Extremely Illogical
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Velayutha raja
Velayutha raja 10 years 9 months ago
AS ALL TIN NUMBERS LINKED TO PAN NUMBERS, IT IS EASY TO TRACK THE TURNOVER OF THE ASSESSEES.ALL THE DATA IS CAPUTRED IN GST RETURNS.IT IS CUMBERSOME FOR SMALL AND MEDIUM SCALE SELLERS TO DEDUCT TCS FROM THE CUSTOMERS.SO ABOLISH TCS FOR SALE OF TIMBER FOR SMALL AND MEDIUM ENTERPRISES.GOVT BODIES AS A SELLER OF TIMBER CAN COLLECT TCS
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Chandrashekhar Gaunekar
Chandrashekhar Gaunekar 10 years 9 months ago
Surprised to see separate returns for TDS. How can WCT be in GST? We need to make GST a robust and dynamic tax system and for that we require dynamic Government babus who will think out of box. I request Babus to study report on GST prepared by task force constituted under 13th Finance Commission. Also, study how GST being implemented in other developed country. Hope GST will not be old wine in new bottle. Change yourself for new GST.
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