GST practitioner Archives | XaTTaX GST Blog

Two New Functionalities available in GST Portal

August 6, 2019 admin Comments 0 Comment

The Goods and Services Tax ( GST ) portal has enabled two new facilities for filing Form GST ITC-04 in the official portal to furnish the details of the goods/ capital goods sent to the job worker and received back or supplied from the premises of the job worker. The existing form had been amended vide Notification No. 39/ 2018 – Central Tax, dated 4.09.2018.

Form GST ITC-04 is a quarterly form. It must be furnished on or before 25th day of the month succeeding the quarter.

Job work means processing or working on raw materials or semi-finished goods supplied by the principal manufacturer to the job worker. This is to complete a part or whole of the process which results in the manufacture or finishing of an article or any other essential operation. The principal manufacturer will be allowed to take credit of tax paid on purchase of goods send on job work subject to certain conditions.

Further, the portal has updated the facility to file application for the cancellation of registration and filing clarifications by GSTPs

With this, normal/Composition/ SEZ Developer/ SEZ Unit/ Casual Taxable Person/ ISD/ NRTP users can now select a GST Practitioner for Filing of Application for Cancellation of Registration.

Also, UN Body/Embassy/ONP users can now select a GST Practitioner for filing clarifications on issues raised by a tax official on their registration application.

The GSTP can save draft of the application. The taxpayer/ users and GSTP would be able to work on the drafts of the application, saved by either of them.

XaTTaX – World Class Automated eSolution for Return filing and e-Waybill

Source: Taxscan

Tamil website launched to help traders on GST

January 25, 2019 admin Comments 0 Comment

The Tamil Nadu Goods and Service Tax Practitioners Association (TNGSTPA) has launched an exclusive website in Tamil to cater to the queries of rural traders and accountants pertaining to Goods and Service Tax (GST). Till now, web services to clear doubts on GST were available mostly in English and Hindi.
Organisers said that the online tools made available on the website in Tamil, including discussion forums, would be helpful to rural traders to apply for claims.

“The website was launched to promote interaction between small-time traders and experts in GST to clear simple queries in a click,” said TNGSTPA president B Mohamed Azgar.

The website — www.tngstp.com — is furnished with details about various tax slabs for commodities under GST, blogs explaining case studies and forums to discuss with established accountants to clarify doubts in claiming refunds.

It was launched on the second-anniversary celebrations of TNGSTPA held here on Thursday

XaTTaX – World Class Automated eSolution for Return filing and e-Waybill

Source: Times of India

GST Practitioners National Action Committee appeals for Due Date Extension for Returns

November 5, 2018 admin Comments 1 comment

The National Action Committee of Goods and Services Tax ( GST ) Practitioners asked the Government to extend the due date to March 31, 2019, for filing GST Returns as it seems difficult to achieve the deadline of 31st December 2018.

The practitioner’s body said that to ensure quality work and proper, correct compliance, the extension is needed.

The committee further said that compliance under GST law should be made simple and transparent which would ease compliances, cut or control the cost of compliance and create a sense of ease of doing business.

There were teething problems which the central and state governments were supposed to be sorted out, the committee pointed out.

It said that after sixteen months of GST rollout, it is necessary that the government and the public at large get an idea of the problems faced by key stakeholders- taxpayers and tax practitioners.

They further complained about the issues on the slow server of the GST Network (GSTN), refunds to be made in 20 days, the 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 the filing of returns, utilities should be available well in advance, payment through credit and debit cards as well as the real-time gross settlement (RTGS) should be seamless and secrecy of data and privacy of businesses should be ensured.

XaTTaX – World Class Automated eSolution for Return filing and e-Waybill

Source: Tax Scan

Expedite GST practitioners’ registration: CBIC chief

May 11, 2018 admin Comments 0 Comment

The Goods and Services Tax (GST) came into effect in the country nearly a year ago. GST: CBIC chief Vanaja Sarna But several indirect tax experts find that they still haven’t been approved as GST practitioners, despite having applied for registration months ago via the GST portal.

In this backdrop, the chairperson of the Central Board of Indirect Taxes and Customs(CBIC — earlier known as CBEC), Vanaja Sarna, recently wrote to officials to expedite the process. Her letter dated May 4 says, “I would urge the officials to expedite the process of approval of GST practitioners. A proactive approach in facilitating the enrolment and helping the applicants in case they have committed any bona fide mistakes while making the application will only further our cause of achieving a trade-friendly image for the department.”

Rajeev Khandelwal, chartered accountant and an indirect tax expert, says “I applied on December 7, 2017. Since the last five months, there was no news on the same and the status was shown as ‘pending for processing’ on the GST portal. Recently, I received a letter (not a digital intimation) from the department stating that, due to some problems in the GST portal, it has been decided that the GST practitioner certificates will be given manually.” He was asked to submit documents such as educational qualifications and address proof by May 4. The letter was also dispatched by the authorities on the same date. He finds it mind boggling that he was also asked to produce a certificate or a declaration that he is a “person of sound mind”. “Will anyone admit to being of unsound mind?” he asks.

Government officials TOI spoke to admit that there are a few conditions for being a GST practitioner: He/she must be a citizen of India, must be of sound mind, should not have been adjudged as an insolvent and should not have been convicted of an offence with imprisonment of two years or more. They agree that it is unclear who should be giving a certificate that an applicant is of sound mind (whether a recognised hospital or a professional institution, if the applicant is a member of one).

Officials add that the self-declaration in this regard was meant to speed up the application process. A Mumbai-based chartered accountant says, “The application had to be made online, the enrolling authority can be Centre or state. In my experience, several applications where the enrolling authority was at state level faced delays.”

On a CA discussion portal, the general advice being given to participants is: The best option is to apply again for registration as a GST practitioner, but with a different email and phone number, and also selecting the enrolling authority as Centre.

There are other professionals who have been lucky enough to have got registered within one-three weeks. In the backdrop of the CBIC chief’s letter, those waiting anxiously have revived their hopes.

Once registered as a GST practitioner, an individual can file various forms on behalf of clients, make deposits for credit into the electronic cash ledger and appear as an authorised representative. He or she can, after confirmation from clients, also file a refund claim or an application for amendment or cancellation of the registration. Registration does not require a chartered accountancy qualification. Even certain graduates — say, from the commerce field — or certain retired revenue officials can register to be GST practitioners.