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Simplified GST Return principles and Draft return formats

Start Date :
Jul 31, 2018
Last Date :
Sep 01, 2018
01:00 AM IST (GMT +5.30 Hrs)
Submission Closed

The GST Council in its 27th meeting held on 4th May, 2018 had approved the basic principles of GST return design. Now in its 28th meeting held on 21st July, 2018, GST Council ...

The GST Council in its 27th meeting held on 4th May, 2018 had approved the basic principles of GST return design. Now in its 28th meeting held on 21st July, 2018, GST Council approved the key features and new format of the GST returns. This document lists the salient features of the new return format and business process for seeking feedback of trade and industry and other stakeholders. Please leave your feedback using this discussion forum on MyGov.in.

To facilitate the analysis of the comments / feedback, you are requested to please mention page numbers in your feedback. For example, #Page 26 – Suggestion. This will help us compile and analyse the feedback in a structured manner.

In case you have more than one suggestion to offer, you may find it convenient to type out your comments (with page nos.) in a separate document and upload the same.

Last date for submission is 31st August 2018.

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Showing 335 Submission(s)
T K JAGANATHAN
T K JAGANATHAN 7 years 11 months ago
Provision should be made available in the GSTN system for marking the invoices on which input credit is not availed (ineligible credits). The system should not leave it open for a longer period. It is impossible to have accounting system to capture the ineligible credits separately, as the ineligible input tax credit has to expensed under the relevant head of account and cost centre.
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T K JAGANATHAN
T K JAGANATHAN 7 years 11 months ago
Refering to point 13.2 wherein it is proposed to allow input credit for materials received subsequent month is not acceptable as it will lead to lot of accounting issues and also is against the accounting principle. Once cannot avail the input tax credit in one month and account for the material in the subsequent month, the valuation and reconciliation with books of accounts will be a major issue if ITC allowed to be availed even before receipt of material or services.
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Bharat Bhushan
Bharat Bhushan 7 years 11 months ago
Page 50.There is no provision for quarterly return for small vendors selling on e commerce platform.It seems that Indian government is fully determined to destroy the e commerce platform and send a signal to e commerce players to pack up and go home, then TCS must be definitely applied.I have no links with any e commerce company and I am giving my impartial views on GST laws after duly studying GST laws for last 18 months.
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Sanjay Soni
Sanjay Soni 7 years 11 months ago
There are ambiguity in GST for rent a cab operators service ; two type of rates, cutomers are being confused why 12% GST. requesting you to consider one rate. With Regards
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Bharat Bhushan
Bharat Bhushan 7 years 11 months ago
Page 50.There is no provision for quarterly return for small vendors selling on e commerce platform.Question arises how will e commerce players such as Amazon and Flipkart will manage collection of TCS and correctly enter in the respective seller profile.A lot of compliance burden for already loss making e commerce players and any human mistake in data entry will essentially lead to lot of trouble for small vendors.By no means it is possible to apply TCS for e commerce players.
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Bharat Bhushan
Bharat Bhushan 7 years 11 months ago
Page 50.There is no provision for quarterly return for small vendors selling on e commerce platform.There is provision for exports and Imports upto 5 crores turnover in quarterly returns but surprisingly no provision for vendors selling on e commerce platform.It essentially means that all vendors selling on e commerce platform have to file monthly returns irrespective of turnover.Another question arises that how will e commerce players such as Amazon and Flipkart will manage collection of TCS.
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Sanjeev Agarwal_23
Sanjeev Agarwal_23 7 years 11 months ago
Is it simplification or complication of gst. Large taxpayer will not buy from small taxpayers because they will not be able to avail ITC for 3 month. And if small taxpayer has to upload invoices monthly and pay tax monthly means he has to go to a tax consultant to upload invoices. This will result in disputes between large and small taxpayers.
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ARUN VARMA
ARUN VARMA 7 years 11 months ago
GST-PMT Form should contain a column where mistakes of previous months GST-PMT Details can be corrected through amendment.This column is missing in GSTR3B ALSO WHICH WILL HARESS EVERY TAXPAYER LATER ON ASSESSMENT BECAUSE DUE TO NEW LAW AND AS EVERY ASSESSEE WAS IN LEARNING PROCESS MADE SEVERAL MISTAKES AND THEY FEAR OF INSPECTOR AND SUPERINTENDENT WILL ASK SEVERAL QUESTIONS IN MATCHING 3B. SO I REQUEST YOUR HONOUR TO ATLEAST GIVE SOME REVISE OPTION IN GSTR3B SO THAT WILL HELP GENUINE TAXPAYERS
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ARUN VARMA
ARUN VARMA 7 years 11 months ago
sir many people made clerical mistake while filing form GSTR 3B. Such as by mistake a excess zero was posted in input and output gst while filing GSTR 3B.They must get an option to correct such mistakes.But they have filed correct GSTR 1.Please Give Revise option in GSTR 3B WHICH IS ONLY PRIVISIONAL RETURN
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