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CII favours further extension of GSTR-1, 2 & 3

Published: Sep 24, 2017

By TIOL News Service

NEW DELHI, SEPT 24, 2017: WITH GSTN producing a web of technical glitches for return filers, the CII has called for further extension of due dates so that the IT Platform gets enough time to overcome its issues.

The CII states that for example, Tran1 Form is filed for July to carry forward the closing balance of credits of June 2017, including data of issue and pending C/H/F/ Forms. Accordingly, Tran1 calculates the liability of pending forms; however, in many cases, carry forwarded amount has been calculated in negative figure. CII suggests that the system response should be enhanced to allow download, preview details, and take prints for reconciliation before submission.

CII 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.

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, suggested CII.

In view of these difficulties of online filing, CII has 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. Further, there should be no penal action to be taken by the department in the initial six months of the GST launch. Meanwhile, alternate quick refund mechanism for IGST should be devised for exporters till the GSTN is ready to process these, suggested CII.