ICAI : 19 Suggestions on “Draft Simplified Formats of GST Returns”

By | September 6, 2018
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(Last Updated On: September 6, 2018)

ICAI submits 19 Suggestions on “CBIC’s Draft Simplified Formats of GST Returns”

The ICAI has submitted 19 Suggestions to CBIC on ‘Draft Simplified Formats of GST Returns’, for consideration while reviewing and finalising the formats of simplified GST returns, as recommended by the GST Council:

Key features of Monthly Return

1. Turnover figure to identify the type of taxpayer not be auto populated;

2. Term “Turnover” is not defined to identify small taxpayer;

3. Uploading date of invoices be considered instead of reflected date on the portal;

4. Online reporting mechanism to report situations where wrong credit claimed /credit note not accepted by recipient;

5. Need to provide 4 digit HSN is contrary to Notification no. 12/2017 (CT);

6. Pending invoice an exclusive definition;

7. Higher late fee not be imposed;

8. Supply side control on newly registered persons;

Key features of Quarterly Return

9. Options of pending and missing invoices is not available in quarterly return;

10. Multiple reporting of same invoice tax rate wise in Annexure of Supplies to main Return;

11. HSN wise summary in Annexure of Supplies to main Return;

GSTR Monthly Return

12. ‘Non-GST supply’ is nowhere defined;

13. Supplies uploaded by supplier on which credit already allowed be auto populated;


14. Non-reporting of inward supplies on which tax paid under RCM;

15. Missing Tax Invoice for monthly period;

16. Filing of Nil return by SMS;

17. Negative Liability Refund Facility, Refund of Erroneous excess Cash Payment of taxes;

18. Uploaded invoice as only condition for availing ITC; and

19. Other suggestions (on E-Signing of return, Cash ledger, etc.)

ICAI’s 19 Suggestions on “CBIC’s Draft Simplified Formats of GST Returns” (dt. 30 Aug. 2018) Click here

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