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GST practitioners form national body to suggest changes

GST practitioners form national body to suggest changes

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Practitioners of Goods and Services Tax (GST) from across the country have formed a Joint Action Committee (JAC) to suggest simplification in compliance GST practitioners form national body to suggest changesand filing of returns as well as to ensure that money (or businessmen) is not blocked in the form of refunds due to them. The JAC was announced on Sunday when the two-day national conclave of tax practitioners concluded in Ahmedabad.

The committee was formed to fill the gap of a nation-wide body to represent to the authorities the issues faced by businessmen and tax practitioners at the grass-root level. “GST is a national Act, which subsumes most of the Acts governing states and central taxes. There is no way local tax practitioners can represent their cases to GST Council. Such a national body is the need of the hour,” said Amit Dave, a tax practitioner from Indore.

Close to 200 delegates from 29 states and Union Territories participated in the conclave. Representatives from each state will be a part of the JAC. A core body within JAC will also be formed to coordinate the activities of JAC.

The conclave witnessed deliberations on a host of issues, and suggestions to simplify the system will be submitted to the GST Council. “The upcoming meeting of GST Council has suggested 46 amendments, the conclave deliberated on a wider range of issues. We were surprised with the kind of issues faced under GST in different parts of the country,” said Axat Vyas, one of the key organisers of the conclave.

Some of the major suggestions include single one-click monthly return, allowing rectification in returns and creation of an activity log for traders to trace their actions, among a host of others. The Conclave also deliberated on shortcomings of the Act.

Participants complained that the GST portal is not uniform across states and while it is functional in some states, it’s dysfunctional in neighboring states. Deepak Bapat, a tax practitioner from Maharashtra, said that the IT system is not robust enough and the Act is in place. “All commissioners are given an authority to extend the deadline to file taxes by three months, but they have never used this discretion,” said Bapat. Sreedhara Parthsarthy, a tax practitioner from Ballari, in Karnataka, advocated that traditional tax practitioners should also be allowed to audit GST returns. Under the GST regime, only Chartered Accountants and Cost Accountants are allowed to conduct audit reports.

Source :  DNA
Tax Professionals to discuss GST glitches at two-day National conclave in Ahmedabad

Tax Professionals to discuss GST glitches at two-day National conclave in Ahmedabad

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Close to 200 tax practitioners from about 26 states will GST practitionersdeliberate on the burning issues of Goods and Services Tax (GST) during a two-day conclave to begin in Ahmedabad on Saturday, July 14. Issues related to simplification of GST will be discussed and findings will be submitted to GST Council which is meeting on July 21 to simplify things.

This is the first ever, and the most widely represented meet of stakeholders at the grass-root to be held to review GST, which recently marked its first anniversary. “Returns, refunds, and recommendations are the main things on our agenda. Participants from almost all the states in the country will share the issues they are facing. This will be a win-win proposition for the government, country’s economy, businessmen and tax practitioners,” said Axat Vyas, an organizer.

Nigam Shah, former president of Gujarat Sales Tax Bar Association said even after one year of the roll-out of what is considered as the biggest ever indirect tax reforms in the country since independence, said there are issues like lack of registration, dual registration, not getting refunds and difficulties in filing returns among others.

“We want to highlight these bottlenecks. For example, GSTR-1 needs to be filed within 10 days, which is mostly impracticable. In Punjab, there are issues of traders getting multiple registrations… Refunds are being issued without verification – a dangerous thing as there could be a mismatch in actual refunds and refunds sought,” he said

Source :  DNA