CAIT urges Finance Minister to extend last date for filing annual GST return

Source: The Hitavada      Date: 07 Dec 2018 10:31:22


 

Business Reporter,

RAIPUR,

CONFEDERATION of All India Traders (CAIT) in a communication to the Union Finance Minister Arun Jaitley on Thursday, has urged for the extension of last date for filing Annual GST return from December 31, 2018 to March 31, 2019.


CAIT National Vice-President Amar Parwani, State Working President Mange Lal Maloo, Working President Vikram Singhdeo, State General Secretary Jitendra Doshi and State Working General Secretary Parmanand Jain informed during the communication that CAIT has invoked his attention towards GST mandate for filing Annual GST return for the period ending March 2018 for which the last date is December 31, 2018. The CAIT stated that till Thursday, the format for filing of Annual GST return and even option is not available anywhere including on GST website.


The Annual GST Return assumes much significance as it gives last opportunity to assesses to rectify their previous return filed with the department for the concerned year. The CAIT communiqué stated that under such circumstances it will not be possible for the traders to file their annual GST return by the stipulated period.


As an immediate measure, CAIT has urged to extend the last date of filing annual GST return upto March 31, 2018 for the period 2017-18. According to CAIT National President B C Bhartia and Secretary General Praveen Khandelwal, it is to be noted that the concept of Annual GST Return is still not known to large number of traders across the country, being the first year of GST implementation.


They further said that in the previous VAT or Sales Tax regime there was no concept of filing any annual tax return.Thus 2017-18 being the first year of GST implementation in the country, most of the traders registered with with GST are not even aware of the obligations of filing Annual GST Return. Moreover, it is also not known to traders that annual return is the last opportunity for the assesses to rectify their returns so as to avoid any denial of Input Tax Credit, which could also result into unwanted tax recovery, the duo added. CAIT has suggested that a wide spread national campaign should be launched by the Government to make assesses aware about the liability of filing Annual GST Return and its process. Further, the trade body has also urged that format and option of Annual GST Return should be made available on GST portal immediately and even in regional language as well.