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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
S NANJUNDA PRASAD
S NANJUNDA PRASAD 10 साल 7 महीने पहले
sir,the GST ACT and Rules should be made public insted of the REPORTS at least 3 months in advance before the date of its introduction.If this is the attitude of the Government can we expect the GST to replace the VAT smoothly? All the States should also make public the draft ACT and Rules and the comments of all the stake holdes should be considered in the light of natural justice without harming the existing procedures and the STP's already registered under the State Vat Acts.
SANCHAY KUMAR ROY
SANCHAY KUMAR ROY 10 साल 7 महीने पहले
#GST RETURN : General comments : It is suggested that maintenance of books of accounts and timely audit of Goods and Services Tax to collect revenue please recognized Practicing Cost Accountant as an Accountant and Auditor for Certification and audit of various actvities in GST Act. GST Return Forms should be economical for minimize compliance cost. Thanks. Cost & Management Accountant Sanchay Kumar Roy.
K G SURESHA
K G SURESHA 10 साल 7 महीने पहले
sir,the GST ACT and Rules should be made public insted of the REPORTS at least 3 months in advance before the date of its introduction.If this is the attitude of the Government can we expect the GST to replace the VAT smoothly? All the States should also make public the draft ACT and Rules and the comments of all the stake holdes should be considered in the light of natural justice without harming the existing procedures and the STP's already registered under the State Vat Acts.
K G SURESHA
K G SURESHA 10 साल 7 महीने पहले
In proposed GST, SALES TAX PRACTIONERS- who are present doing most of the compliance under the STATE VAT acts are not recognized to issue Annual Return GSTR-8 in respect of assesses covered by Tax Audit U/s 44AB of Income-Tax Act. Here the following points may be considered for granting such powers of certification to SALES TAX PRACTIONERS WHO ARE DULY REGISTERERED UNDER THE RESPECTIVE STATE VAT ACTS AND RULES may kindly be continued under the proposed GST
K G SURESHA
K G SURESHA 10 साल 7 महीने पहले
Sir, As proposed in GST the certification in form GSTR-8 by CAs should be confirmed only to Corporate assesses, the non corporate assesses should be allowed free to get certified by the excisting STPs as prevailing under sec31(4) of KVAT Act 2003 in augmenting the revenue and monertaring voluntary compliance to the state, In case if the STPs are neglected in the GST stream they may become burden on the society as they become unemployed. All the existing STPs may be treated as TRP. Thanking you
PRAKASH SRINIVASA RAO
PRAKASH SRINIVASA RAO 10 साल 7 महीने पहले
sir,the GST ACT and Rules should be made public insted of the REPORTS at least 3 months in advance before the date of its introduction.If this is the attitude of the Government can we expect the GST to replace the VAT smoothly? All the States should also make public the draft ACT and Rules and the comments of all the stake holdes should be considered in the light of natural justice without harming the existing procedures and the STP's already registered under the State Vat Acts.
PRAKASH SRINIVASA RAO
PRAKASH SRINIVASA RAO 10 साल 7 महीने पहले
As per the latest information provided by CBDT against application filed U/s 6(1) of RTI Act,it is evident that only 69,140, 69,630 Chartered Accountants signed Tax Audit Report for the Asst. Year12-13,14-15 respectively.It is with respect to the Income Tax Act, but if the GST is introduced the number of assesses will increase and there may be Shortage of CA’s for the certification process, hence we request that underGST regime the existing STPon role of the State VAT Act should be treated TRP
suresh kumar babu kunigal
suresh kumar babu kunigal 10 साल 7 महीने पहले
Sir As proposed in GST the certification in form GSTR-8 by CAs should be confirmed only to Corporate assesses, the non corporate assesses should be allowed free to get certified by the excisting STPs as prevailing under sec31(4) of KVAT Act 2003 in augmenting the revenue and monertaring voluntary compliance to the state, In case if the STPs are neglected in the GST stream they may become burden on the society as they become unemployed. All the existing STPs may be tre
N PHANEENDRA
N PHANEENDRA 10 साल 7 महीने पहले
Sir, As proposed in GST the certification in form GSTR-8 by CAs should be confirmed only to Corporate assesses, the non corporate assesses should be allowed free to get certified by the excisting STPs as prevailing under sec31(4) of KVAT Act 2003 in augmenting the revenue and monertaring voluntary compliance to the state, In case if the STPs are neglected in the GST stream they may become burden on the society as they become unemployed. All the existing STPs may be treated as TRP. Thanking you
PRAKASH SRINIVASA RAO
PRAKASH SRINIVASA RAO 10 साल 7 महीने पहले
Even though the returns are proposed to be filed by STP/TRP why annual return is proposed to be certified by CA.STP’S are playing a major role in collection of revenue in all most all State VAT ACTS. Hence it may provide direct employment to about 3 to 5 lakh existing STP's and indirectly more than 10 lakh are employed and it is the major bread and butter to STP's. The Assessee has to appoint two different professionals for the same job as the monthly uploading done by STP’s