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The committee tasked with simplification of GST returns filing will consult tax experts and trade bodies to make the process convenient for businesses that have minimal transactions, its chairman said today.
GSTN Chairman Ajay Bhushan Pandey-headed panel comprises tax commissioners of Karnataka, Gujarat, Andhra Pradesh and Punjab and senior officials from the Department of Revenue and the CBEC.
“We are also discussing with experts and taking opinion from various other stakeholders as to what simplification could be achieved. The whole idea is that people who are nil filers, who have no sale/purchase transactions, have taken a registration for some future use, they should be able to file GSTR-1 and GSTR-3B by pressing just a few buttons. That is our ultimate aim,” Pandey told PTI.
As many as 40 per cent of the businesses filing returns on GST Network (GSTN) portal have nil tax liability.
The Goods and Services Tax (GST) Council had set up this committee on November 10 to suggest ways for simplification of the returns filing process. It has also been decided to keep in abeyance till March 31 the filing of GSTR-2 (purchase returns) and GSTR-3 (the matching of sales and purchase returns).
Now, businesses will have to file simplified initial GSTR-3B forms till March, along with sales returns GSTR-1.
“The committee would look into simplification exercise because all (GST returns) are intricately connected,” Pandey said, when asked if the committee would focus on only GSTR-2 and GSTR-3 or all the returns under GST.
The committee will collect feedback from people, the trade and industry and study the whole system in detail and then come out with an appropriate plan.
“If people have very minimal transactions, they should be able to file both the returns in a manner without going through full complications. Therefore, the display of the forms will be based on certain questions and the questions posed to the dealer,” Pandey said.
He added that the panel will also look into what information on returns should be taken and at what frequency.
Pandey said the ultimate goal will be to provide convenience to people so that those who are filing the returns can do so without any difficulty.
According to the data, 55.87 lakh GSTR-3B returns were filed for July, 51.37 lakh for August and over 42 lakh for September. Preliminary returns GSTR-3B form for a month is filed on the 20th day of the next month after paying due taxes.
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