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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.

Showing 245 Submission(s)
Aravind A Limbikai
Aravind A Limbikai 9 years 6 months ago

STP’s also practice Direct Tax, Central Excise and Service Tax. They are playing important role in Direct and Indirect Tax collection for States & Central Govt. Number of STP’s are more than the number of CA’s. Many CA’s are not practicing VAT and Central Excise by choice. After introduction of GST assesses number will increase. CA’s alone may not be able to handle this. STP’s have specified qualification, training, experience and are capable of handling the Indirect Tax Matters(GST). So,

BASAWARAJ YELIGAR TAX PRACTITIONER KALABURGI KS
BASAWARAJ YELIGAR TAX PRACTITIONER KALABURGI KS 9 years 6 months ago

GREETINGS TO THE GREAT MOVEMENT OF GST. WE THE TAX PRACTITIONERS WELCOME THIS INITIATE IN MAKING NATION ON PAR WITH SUPER POWERS.
RESPECTED SIR/MADAM, TAX PRACTITIONERS ARE MAIN SOURCE OF REVENUE SINCE BECAUSE OF VOLUNTARY COMPLIANCES OF THE TAX PAYERS AND IT OUR DAY TO DAY BREAD AND BUTTER.
WE ARE CONFUSED,LITTLE SHOCKED AS WE ARE NOT A PART OF THIS NEW SYSTEM,SINCE OUR FRATERNITY SERVING SINCE 1922 & TRANSITED TO VAT REGIME. WE PRAY YOUR GOODSELVES TO KINDLY CONTINUE TAX PRACTITIONERS IN GST

Vijay Paikoti
Vijay Paikoti 9 years 6 months ago

For the sake of simplicity, there should be only 1 monthly return with only one due date say 20th of next month. Further the services of registered ITP/STP/Tax Auditors must be used for various certifications under the GST Acts irrespective of whether the person is liable for Audit under IT Act or not. It would be an additional burden on the CAs if only they are to certify the statements under GST Acts as such statements would be practically voluminous in the long run.

Raghavendra V Hublikar
Raghavendra V Hublikar 9 years 6 months ago

We the Practitioners are bridge between the government department and clients, if neglected in GST scheme it is become burden to the clinet and Government. In building the nation and if we are not considered in GST scheme will become unemployed and humble request to consider existing STP's as TRP's in GST scheme. It is burden to our lively hood and our staff

pgargadv@hotmail.com
prahlad garg 9 years 6 months ago

1.returns should be made simple.
2.there must be provision for revision of return.
3.Tax practice professional who have more specilisation than chartered accountants in indirect taxes should be authorised for cetifying the annual returns

K R PRAKASH
K R PRAKASH 9 years 6 months ago

Monthly submission of Returns should be created Automatically based on Uploading of Transactions on Real time basis by e-delivery note & e- invoice system .
Annual self assessment Order to be uploaded by Dealer with digital signature Revision / rectification Provision to be kept open similar to Direct tax system

niteshkg@gmail.com
Nitesh Gupta 9 years 6 months ago

1) Compulsion of mentioning HSN code for any dealer should be removed. Many wholesaler dealing in more than 10000 variety of items cannot key in all HSN. Its impractical.
2) Mentioning quantity in GSTR - 8 is impossible. A single item is sold in multiple sytle.
Eg: A Wire is sold in meter, coil of 25 m, coil of 90 m, coil of 100 m, coil of 500 m etc. Final mismatch in quantity as key in by multiple dealers in multiple style may attract litigation and mismatch in data.

niteshkg@gmail.com
Nitesh Gupta 9 years 6 months ago

Please increase the time limit to submit more suggestion, as government has given very less time. We can give you better suggestion after in depth study of law and processes.

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