Extension of filing of GST return date is not a solution: CA Julfesh Shah

Source: The Hitavada      Date: 06 Sep 2017 09:42:39


Business Bureau,

In the new regime of Goods and Services Tax (GST), one has to spare more time for GST compliances than doing business. Tax consultants and chartered accountants (CAs) can guide, support and help but cannot take responsibility of timely filing returns and stock statements unless proper and perfect data is provided to them, said Chartered Accountant Julfesh Shah, Member of PR and CSR Committee of ICAI, New Delhi.

It is being observed that the GSTN portal is unable to bear the load and pressure of the return filing at a particular point of time. As per data approximately there are 8 million registered assessees of GST and first return 3B of July were filed by only roughly 70 per cent till date.

“Still 30 per cent of the assessees are yet to file and this is the pathetic situation of infrastructure systems. Gradually as the number of assessees will increase in due course it may get worsen if not upgraded immediately to cope up with the constant pressure of filing 3 monthly returns which is cumbersome,” he said.

“It is time to wake up and convey very strongly to the Government for modifying the provision of 3 returns in a month. Quarterly returns can be thought off to ease the pressure to some extent. To search out match-mismatch is Government’s responsibility. Similarly RCM tax provision must be revisited. To identify unregistered dealers is Department’s job. Registered dealers cannot be used as a medium for search,” Shah said.

“To add further we as a service providers of GST have been identifying errors after errors in whole GSTN system and literally helping to debug the software free of cost. We are constantly trying to identify bugs in the system; but what about those big contracts worth several crores given to IT software company which is not able to find out a suitable solution to facilitate the smooth implementation of GST return filing,” Shah said and added that extension of filing of GST returns’ due date is not a solution.