Action Committee On GST Professionals Seek More Time For Filing Return

0
117
views
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
(Last Updated On: November 3, 2018)

SHILLONG: The National Action Committee of Goods and Services Tax (GST) Professionals said it was practically difficult to adhere to due date of December 31, 2018 for filing of return and the deadline needs to be extended up to March 31, 2019 well in advance to ensure quality work and proper, correct compliance.

In a statement issued here, the committee asserted that compliance under GST law should be made simple and transparent which would ease compliances, cut or control cost of compliance and create a sense of ease of doing business.

The committee said there were teething problems which the central and state governments were supposed to be sorted out.

Sixteen months have passed since the roll out of goods and services tax (GST), it is necessary that the government and the public at large get an idea of the problems faced by key stakeholders- tax payers and tax practitioners.

Some of the major bottlenecks highlighted by them is the slow server of the GST Network (GSTN), refunds to be made in 20 days, filing of returns, deadlines for filing returns should not overlap, annual returns is to be filed within nine months after completion of any financial year.

The committee suggested that there should be clarity in filing of returns, utilities should be available well in advance, payment through credit and debit cards as well as real time gross settlement (RTGS) should be seamless and secrecy of data and privacy of businesses should be ensured.

Source: http://www.theshillongtimes.com/2018/11/02/action-committee-on-gst-professionals-seek-more-time-for-filing-return/

Other Related pages:

Taxation of Non-Residents – Revised (2018) – (17-09-2018)

28th GST Council Meeting Scheduled on 21st July, 2018

LEAVE A REPLY

Please enter your comment!
Please enter your name here

+ 61 = 65