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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)
Prosenjit Chakraborty
Prosenjit Chakraborty 7 years 11 months ago
(1)Separtae HSN part is difficult for small business house. HSN should be mention at the time of sale entry. (2)Quaterly Return & monthly return both implementation will be create problem at the time of matching invoice. Quaterly or Monthly only one should be perfect. (3) Any time of 'error' at the time of return submission, should be mention page number collom number & amount.
lokesh
lokesh 7 years 11 months ago
1. With respect to point 3 in page 3 : Allow suppliers to upload till 15th of next month and extend return filing date up to 25th, so that matching concept survives in best manner. 2. Missing invoices reporting concept was good but too cumborsome, even though 6 months trasition period was provided - need to make easy the principle
Satyanarayan Subramaniam
Satyanarayan Subramaniam 7 years 11 months ago
Allow the dealers whose GSTIN was cancelled,due to mismatch in PAN and could not complete the process in time and restore their GSTIN,so that their business is not jeopardized.
Satyanarayan Subramaniam
Satyanarayan Subramaniam 7 years 11 months ago
Moreover Trust the state level Authorities for running the Portal in steadof outsourcinfg who do not understand the issues nor have the solutions.for eg-A dealer registered under Composition ,opted out of it immediately but the login portal showed as composition TILL LAST 6 MONTHS,So he was asked to pay the late filing fees although he had paid the regular taxes well in time,but could notify due to techinical error after login. I have all the proof of grievance,recordings
Satyanarayan Subramaniam
Satyanarayan Subramaniam 7 years 11 months ago
1.Make Filing of Returns quarterly for all and also payments quarterly basis. 2.Allow 2 adjust late filing fees and penalty from ITC if available. 3.Stop cascading effect of penalty and late filing fees 4.Allow to file GSTR-1 even if there is any mistake in GSTIN of a few,which can be rectified later. 5.Allow revision of Returns wherever necessary. 6.Stop charging late filing fees for NIL RETURNS.SCRAP ALL SUCH LATE FILING FEES RESTROPECTIVELY,so that the compliance rate will go up.
CTNTEJA
CTNTEJA 7 years 11 months ago
Should develop a " software &mobile app where dealers liable under GST should create each and every invoice &update payment date as and when received".Also it should be mandated that every dealer under GST should use only this software.Then automatically Govt. asses tax liability after setting off inputs of dealer eligible to him.This removes problems of filing returns.Govt. itself look into all invoices and income receipts.Increases transparency and tax collections.
Ankit kumar gupta
Ankit kumar gupta 7 years 11 months ago
I am always support with Narendra modi sir sorry sir but I am to tell you something sir , Sir mere kehne ka mtlb ye hai ki sir jitne bhi private school hai 1 to 8 tak in mein sarkari book chala diya jaye ki gareeb ghar k bachche bhi education le sake or ameer ghar k bhi bachche education le sake thankyou sir
suneel mohidekar
suneel mohidekar 7 years 11 months ago
Consider a joint family example. Can u penalise the earning members for contributing their shares late? Then how can you penalise the tax payers of the nation for "mistakes" in their returns???? They are your bread winners. Even the dept which penalises him gets their salary from his contribution. Can a dependent in a family, say a 8 year old kid, penalise his father or Grand dad for not providing him with a high end bike? It's unthinkable right? The kid will be smacked and not the dad right?
suneel mohidekar
suneel mohidekar 7 years 11 months ago
https://www.financialexpress.com/money/income-tax/landmark-judgment-interpret-tax-ambiguity-benefit-in-favour-of-revenue-says-supreme-court/1264059/. Such a view was ok till the English queen ruled us. Now the assessee has to run his own business as also collect taxes for the government AND repay them to govt. No pension, no support, no recognition but ALSO has to bear unlimited liability for lacunae in law formed by govt. Very sad...
suneel mohidekar
suneel mohidekar 7 years 11 months ago
How can a firm of turnover last than 2 crores afford an accountant to handle GST returns? Especially with such HUGE penalties? If we devote the same resource in growing our business we can pay you more GST and employ more people.