Telangana Tax Practitioners Association has demanded that the state and the central governments cancel filing of GST annual returns using GSTR-9 and GSTR-9C forms. The association president Nagesh Rangi was speaking to media here at the association office on Sunday.
Nagesh said that businesses would lose out due to returns filed using the forms GSTR-9 and GSTR-9C as it may lead to double taxation. He appealed to the governments to call for a meeting with tax advisors in this regard to find a solution to the issue. It is not possible to file annual returns through GSTR-9 and GSTR-9C without amending the forms, he said.
Filing annual returns using only GSTR-2A and GSTR-3B would not be possible, as businessmen will be forced to pay the taxes that they have already paid. This would result in huge losses to consumers as well as businesses, he said.
Nagesh urged the state and central governments to intervene in this matter and amend the forms GSTR-9 and GSTR-9C forms and extend the last date for filing returns to December 31. Association secretary R Vittal, treasurer D Vasanth Kumar Reddy, and others participated in the press conference.
Source- The Hans India.