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GST Committee Report on Returns

GST Committee Report on Returns
आरंभ करने की तिथि :
Oct 20, 2015
अंतिम तिथि :
Nov 16, 2015
00:00 AM IST (GMT +5.30 Hrs)
प्रस्तुतियाँ समाप्त हो चुके

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.

फिर से कायम कर देना
245 सबमिशन दिखा रहा है
HARISH PARTHASARATHY
HARISH PARTHASARATHY 10 साल 7 महीने पहले
Greetings from Tax Practitioners Institute of India. There should be every arrangement for a smooth transition from Respective Value Added Tax (VAT Regime) to proposed GST Regime as it happened with erstwhile State Sales/Goods Tax Acts (Sales tax Regime)including the provisions of representation and certification to the existing related Tax Professionals.
Sidharth Nanda
Sidharth Nanda 10 साल 7 महीने पहले
The report proposes that only Chartered Accountants are supposed sign GSTR 8. The aforesaid form is nothing but a declaration of verification of sales, purchases, credits, determination of tax liability and payment. As seen in past, all the above terms creates litigation. Presently, in many states if India as well as in other countries, legal professionals are signing VAT Audit reports. Other tax professionals should also be given opportunity to eliminate monopoly.
Chitrasen Sahukar
Chitrasen Sahukar 10 साल 7 महीने पहले
In point No.1.4 of ROJC on BP for GST Return, it has mentioned that “1.4 - GST is a self-assessed destination based taxation system” when it is self assessed destination based taxation system the certification of GSTR-8 by specified professional is contradicting to the point No 1.4, also it is important that government of India making Laws for easy of doing business, there should be only audit of specified business with threshold limit by an Accountant.
CA Aayush Sarawgi
CA Aayush Sarawgi 10 साल 7 महीने पहले
IT IS GIVEN THAT NO REVISION OF RETURNS WOULD BE ALLOWED. NOW,,,IN GSTR 1 & 2 THERE IS NO SEPARATE COLUMN FOR UNREPORTED INVOICE HAS BEEN INCORPORATED ...SO HOW THE INVOICES WHICH HAVE BEEN COMPLETELY MISSED SHALL BE INCORPORATED IN THE RETURN. IN OUR VIEW, THE SAME SHOULD BE ALLOWED TO BE FILLED IN THE CURRENT MONTH DETAILS ITSELF WITH THE ORIGINAL DATE OF THE INVOICE WHICH SHALL BE OF EARLIER MONTH(S).
INSTITUTE OF TAX PRACTITIONERS OF INDIA
INSTITUTE OF TAX PRACTITIONERS OF INDIA 10 साल 7 महीने पहले
Greetings from Tax Practitioners Institute of India. There should be every arrangement for a smooth transition from Respective Value Added Tax (VAT Regime) to proposed GST Regime as it happened with erstwhile State Sales/Goods Tax Acts (Sales tax Regime)including the provisions of representation and certification to the existing related Tax Professionals.
INSTITUTE OF TAX PRACTITIONERS OF INDIA
INSTITUTE OF TAX PRACTITIONERS OF INDIA 10 साल 7 महीने पहले
When TRP authorized to prepare & file 12 mly returns in a Financial year, there is no justification in prohibiting him/her to issue reconciliation statement/certificate & it works contradictory to the spirit & intention of law framers. It is not viable to once again stand before a Chartered Accountant only to ge certification in GSTR-8 even after complying various GSTR1,GSTR-2,GSTR-3 etc., as the Assessee has to appoint 2 different professionals for same job results increased cost of complaince.
INSTITUTE OF TAX PRACTITIONERS OF INDIA
INSTITUTE OF TAX PRACTITIONERS OF INDIA 10 साल 7 महीने पहले
On date to give compliance to the State Acts which has provided direct employment to about 3 lakhs existing Tax Practitioners and for more than 10 lakhs indirectly employed in the country. It is the only major bread and butter to the fraternity. In case if the STP's are neglected in the GST stream, they may become burden on the society, as they become un-employed. The success of GST depends upon the voluntary compliance, which should be monitored properly otherwise it may not achieve its goals.