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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)
r g murali dhar
r g murali dhar 10 years 9 months ago
the threshold limit of 20L proposed, and composition tax fecility is detrimental to tiny and SSI and trades, with this facility and dis allowance of ITC to such dealers, and there customers, will not give a level playing field , and in a very short period the small enterprises will feel the brunt of prices and may also be wiped out from the scene, all the (really)concerned, please work on this and clarify the position after working on supply chain inwards and outwards.
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r g murali dhar
r g murali dhar 10 years 9 months ago
good morning, while the move to accept comments, is commendable, we do hope the concerned,will give credence and importance to comments, dear sirs, please provide a quality, responsible working zone to registered tax practitioners also in the GST act. with due authorizations and responsibilities, it the practitioners who are the ground level antenna for the government to move the mechanism of GST, while we appreciate the efforts, we strongly urge a due place for tax practitioners
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JAGDISH PATHAK
JAGDISH PATHAK 10 years 9 months ago
In respect to GST retun,If the set-off provision for taxation implemented, there should be very simple provision.All the amount of tax paid should be set-off against the GST payable. There should not be any complication of stock or unpaid tax etc.. further, all the return should be online either with digital signature or with electronic verification code mechanism. The penalty for late filling should be very token, otherwise,evasion will be increased due to heavy penalty.It should be simple-easy
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MUKESH MISTRY
MUKESH MISTRY 10 years 9 months ago
GST Act, Rules and Regulations should be free of ambiguity. It should give very crystal and clear guidelines to assesse. This will reduce cost of tax collection by Govt.
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Mrinal Dabas
Mrinal Dabas 10 years 9 months ago
It takes a lot of hard work to plant a tree , and its harder to even maintain it , check out #AISEC recent plantation and clean drives, https://www.facebook.com/environmentalsociety.org
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Sanjeev Pomani
Sanjeev Pomani 10 years 9 months ago
The total of CGST + SGST + IGST = #GST Should not be more than 15 to 18 % Max as it would affect directly to End Consumer also, if one doesnt file #GST Monthly/Quarterly return as per slab Govt should block the trade activity should be immediately so that Govt Revenue collection is on time & revise return Cut off time should be Max within 3 Months..Govt should levy GST on Every Services Like Train,Air,Sea,Taxi,Auto etc etc like 2% Flat on Economy & 3-5% on Executive or Business class Fares
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Sanjeev Pomani
Sanjeev Pomani 10 years 9 months ago
#GST filing Returns should be made monthly returns mandatory only for Annual Turnover or sales above 300 to 500 Lacs or else should be made Quarterly filing returns & Trading business also Quarterly. For All types of GST like State Centre Inter there should be only Single filing return or Dept of Called #GST otherwise purpose of GST is not met.
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P G VENKATASUBRAMANIYAN
P G VENKATASUBRAMANIYAN 10 years 9 months ago
My humble suggestion is kindly allow tax payer to file revise return with a time limit.Kindly make GST Return simple. More annexure will confuse & purpose will be defeated. Before implementing GST internet connectivity should be made faster.
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RAVINDRA SRINIVASA
RAVINDRA SRINIVASA 10 years 9 months ago
It is better to simplify the law and rules. It should be run on trial basis. Training should be made available to all department officials, tax practitioners and common business tax payers. Ultimately it should be able to use easily by all.
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