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GST return filing dates extended for Kerala, parts of Karnataka

GST return filing dates extended for Kerala, parts of Karnataka

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Government today extended the last date for filing of GST returns for taxpayers registered in flood hit Kerala,GST Return Filing date extended Mahe (Puducherry) and Kodagu district of Karnataka.

The revenue department has also exempted basic customs duty and Integrated Goods and Service Tax (IGST) on import/supply of goods for flood relief in Kerala.

The due date of filing of GST summary sales returns in Form GSTR 3B for July has been extended to October 5 from August 20 for the flood affected areas.

However, for other taxpayers, the date has been extended only till August 24. Taxpayers in these flood affected areas will be given time till October 10 for filing GSTR-3B for the month of August.

“In view of disruption caused due to severe floods in Kerala, Mahe (Puducherry) and Kodagu (Karnataka), the competent authority has extended the due dates for filing of (GSTR-3B and GSTR-1) by taxpayers” registered in these areas, an official statement said.

As regards Form GSTR-1 (sales return), taxpayers having turnover of up to Rs 1.5 crore can now file their July-September quarter return up to November 15.

For others in the flood affected areas, the filing date for July GSTR 1 has been extended to October 5 and for the month of August to October 10.

Finance Minister Piyush Goyal said: “In light of the inconvenience faced by the people of Kerala due to the flood situation, the GST returns for the month of July can now be filed by October 5th, and the returns for the month of August can now be filed by October 10th”.

He also said that in order to facilitate filing of easy GST returns, the government has extended the due date of filing GSTR-3B return to August 24.

“We are committed to ensuring that GST is a Good and Simple Tax,” he said.

Earlier in the day, Goyal, who also hold railways portfolio, said Kerala is likely to get around Rs 200 crore from railways for rehabilitation works.

He has appealed to the national transporter’s 13 lakh employees across 16 zones to voluntarily donate a day’s salary for the cause.

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Source: Money Control
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