Govt may review monthly GST return filing process
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NEWS : The government may review the requirement of
filing at least three returns every month under the GST
regime with a view to easing compliance burden of taxpayers, officials said.
Presently, businesses have to file returns in GSTR-1, GSTR-2
and GSTR-3 forms for every month. These forms detail outward supplies of
taxable goods and/or services, inward supplies for claiming input tax credit
and monthly return.
The review follows businesses complaining problems in
matching invoices while filing July returns.
"There will be a review of the norms to file GSTR-1, 2
and 3. Businesses have complained of trouble in invoice matching while filing
GSTR-2. It would be reviewed whether matching of invoices would be pursued in
the coming months," a senior government official told PTI.
Under the Goods and Services Tax (GST) regime rolled out from
July 1, the government has allowed businesses to file initial returns and pay
taxes by filing up form GSTR-3B by the 20th day of next month.
This form is only for period July to December and would be
discontinued from January.
The official said the GST Council, headed by Union Finance
Minister Arun Jaitley and comprising representatives of all states, may also
consider extension of GSTR-3B filing beyond December as the Central Board of
Excise and Customs (CBEC) feel that the filing the initial returns has
stabilised and businesses have got used to the system.
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