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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
C LAKSHME GOWDA
C LAKSHME GOWDA 10 साल 8 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 is playing 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 exisitng 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.
B G YASHVANTH
B G YASHVANTH 10 साल 8 महीने पहले
Sir, As proposed in GST the certification in Form GSTR-8 by CA's should be confined ONLY TO CORPORATE ASSESSEES, the NON CORPORATE ASSESSES should be allowed free to get certified by the existing STP's as prevailing under Section 31(4) of the KVAT Act 2003 in augmenting the revenue and monitoring voluntary compliance to the State. In case if the STP's are neglected in the GST stream, they may become burden on the society, as they become un-employed. All the existing STP's may be treated as TRP
B G YASHVANTH
B G YASHVANTH 10 साल 8 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 is playing 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 exisitng 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
THAYYURU BALASUNDARAM
THAYYURU BALASUNDARAM 10 साल 8 महीने पहले
1)GSTRN 1 and GSTR 7 both last date of filing is 10th, people may feel pressure due to both returns is same day is last date. It is better to fix different dates. 2)The words “ISD” and “revers charge “ are in existing system usage words, if using same form, confusion may crate, so it is better to use another words. 3)In the invoice uploading system, better to remove value restriction as 50,000/-, 2,50,000/- etc.
KARNATAKA STATE TAX PRACTITIONERS ASSOCIATION
KARNATAKA STATE TAX PRACTITIONERS ASSOCIATION 10 साल 8 महीने पहले
Greetings from KSTPA: Even though MONTHLY returns proposed to be filed by STP TRP why annual return is proposed to be certified by CA.STP is playing 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 exisitng 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 uploadings done by STP's.
PRAKASH SRINIVASA RAO
PRAKASH SRINIVASA RAO 10 साल 8 महीने पहले
sir, As proposed in GST the certification in Form GSTR-8 by CA's should be confined ONLY TO CORPORATE ASSESSEES, the NON CORPORATE ASSESSES should be allowed free to get certified by the existing STP's as prevailing under Section 31(4)of KVAT Act 2003 in augmenting the revenue and monitoring voluntary compliance to the State.In case if the STP's are neglected in the GST stream, they may become burden on the society,as they become un-employed.All the existing STP's may be treated as TRP's
GOUTAM BAID
GOUTAM BAID 10 साल 8 महीने पहले
I think if the compliance structure can be framed so as compliance of both SGST and CGST from one platform, lower and common threshold limit for both SGST and CGST can be resulted in maximum benefit in removing the cascading effect which is the key motive of GST.
GOUTAM BAID
GOUTAM BAID 10 साल 8 महीने पहले
What GST structure be more beneficial so as the burden of the tax is lowest for the consumer of the goods and services as well as compliance of which will be possible by the businessmen without any extra burden on consumer: --- lower SGST threshold and higher CGST threshold --- equal threshold (lower) for both SGST and CGST --- lower SGST and CGST with compounding for CGST