Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee

C. GSTIN related issues

(viii) Deferment of matching requirement & Time line provided for filing of return is cumbersome

Issue : Due to the matching concept filing of return leads to 10th, 13th, 15th , 17th & 20th as the case may be wherein in the present form GSTIN System is unable to handle such data loads and Time provided to the taxpayer for filing of return & its reconciliation in GSTR Form 2 is too less.

Example :
Supplier are required to submit details of its purchases of supply made in Form GSTR-2 which
includes reconciliation of receipts of goods i.e good in transit/not received, calculation on the
restrictive credit , common credit etc. 5 days provided for the return filing including holidays leads
may lead to 2-3 days in some months.

Suggestion :
• Option of offset liability of tax payment at any time basis be provided to avoid interest as
merely payment of cash payment in the cash ledger is not fulfilling the requirement of tax
payment by the assessee.

• Matching concept be deferred in case of assessee having turnover less than Rs. 1 Crore/
Rs. 2 Crore of registration wise turnover for the initial period of 2 years as it was not there
in the erstwhile law and law provides the provision of scrutiny assessment, audit as well.

• Filing of return period from monthly basis be shifted to bi-monthly and quarterly basis
based on the turnover of the assessee.

Read Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee

Related Topic on GST