CII wants govt to extend deadline for filing GST returns

Confederation of Indian Industry, the premier industry body in the country, has said the deadline for filing Goods and Services Tax (GST) returns should be further extended by up to a couple of months that in view of certain pending issues.

"In view of the difficulties of online filing, CII suggested that the due dates for filing GSTR-1, GSTR-2 and GSTR-3 should be deferred for another month or two. This will stabilise the system," the Confederation of Indian Industry (CII) said in a release in New Delhi.

"The finance ministry has taken cognisance of the initial glitches being faced in online filing of invoices and extended dates for GST returns. CII has now requested for further extension to resolve certain system issues," it said.

Last month, the government extended the deadline for filing GSTR-3B form by five days till 25 August, following a technical snag that stopped the functioning of the GSTN return filing portal a day ahead of the last date for filing.

Technical issues had again forced the government to extend the deadline for filing the GST sales return - GSTR-1 - for another five days till 10 September.

CII suggested certain changes to the return filing procedure so as to streamline the system further.

"All modules of GSTN should be activated or enabled to amend core fields in registration to amend particulars of 'principal place of business' or to declare 'additional place of business' or file refunds," CII said.

"Further suggested that GSTR-3B should have provision for rounding off Input Tax Credit to nearest rupee. This will match output tax liability which is rounded off, and be accepted in the system," it added.

CII also suggested there should be no penal action in the initial six months of the GST launch.

The industry association has pointed to an anomaly in the Tran1 form that is filed for July, the month GST was launched, to carry forward the closing balance of credits of June 2017,

Tran1 calculates the liability of pending forms, "however, in many cases, the carry forwarded amount has been calculated in negative figure", the statement said.

"CII suggests that the system response should be enhanced to allow download, preview details, and take prints for reconciliation before submission," it added