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Filing GST returns a taxing task for taxpayers - GST Station

Filing GST returns a taxing task for taxpayers

Filing GST returns a taxing task for taxpayers

    INDORE: The provision in GSTR-9 annual return to pay taxes for any undeclared turnover from 2017/18 is seen helping tax payers regularize return filing though lack of option to upload invoices for the same period is hampering input tax credit for purchasers. 

    Several taxpayers in the region is getting benefitted by the provision of declaring undeclared turnover from past year but government should also allow uploading of leftover invoices, said tax experts. 

    They said taxpayers are facing a series of teething problems in filing GSTR annual returns for which last date is August 31 and unable to upload invoices for undeclared turnover is one of them. 

    Chartered accountant Sunil Jain said, “By allowing taxpayers pay taxes for any undeclared turnover, a lot of people will be benefitted but at the same time it is creating issues because there is no option to upload invoices for the same period. This is creating trouble for purchasers in claiming ITC.”

    There are about four lakh taxpayers in Madhya Pradesh registered with Goods and Services Tax department. 

    Chartered accountants also said pace of filing returns for taxpayers with annual turnover of more than Rs 2 crore under GSTR-9C is slow owing to technical issues. Jain said, “Uploading of a single report under GSTR-9C is taking about 2 to 3 minimum attempts because portal shows error and the worst part is that the error is not self-explanatory. So every time an error comes, we have to generate a ticket to resolve the issue.”

    Chartered accounts demanded that an advisory should be issued by the department on precaution needs to be taken while uploading reports to avoid errors. 

    Harmonized System Codes (HSN) purchase details and ambiguity over comparing actual turnover in books of account with GSTR-3B or GSTR-1 are also hitting process of audits, tax experts said.

    Chartered accountant Kirti Joshi said, “Major issue in filing return is getting details of HSN code, inward and outward supply from taxpayers.”

    Source- Times of India.

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