GST return by Composition dealer : Correct mistake in Section 39 : ICAI Suggestions

Suggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India

32. Furnishing of return by a registered taxable person under Section 10

Section 39(2) of the CGST Act provides that every taxable person paying tax under the provisions of section 9 shall, for each quarter or part thereof, furnish, in such form and in such manner as may be prescribed, a return, electronically, of inward supplies of goods or services, tax payable and tax paid within eighteen days after the end of such quarter.

Issue

There appears a clerical mistake in section 39(2) wherein it has used the words “inward supplies of goods or services”.

Suggestion

It is suggested that the words “inward supplies of goods or services” be replaced with the phrase “inward and outward supplies of goods or services or both”.

Read ICAI Suggestions on GST Act to Govt : July 2017

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