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Filing of GST returns likely to be staggered
September, 28th 2017

In a meeting of GST Consultative Committee on Wednesday, it was discussed that filing of GST returns could be staggered as per the size of the company to avoid network congestion. Also, the filing in October, that coincides with Diwali is likely to be extended till October 31.

The committee comprises officials from state Commercial Tax Department, Service Tax, Excise as well as representatives of business bodies like Gujarat Chamber of Commerce and Industry (GCCI), Rajkot Chamber of Commerce and Industry (RCCI) as well as sectors like transport, logistics, and tax practitioners among others.

It was suggested that large corporates, mid-size companies, and small businessmen have different timelines for the filing of returns so that there is no sudden rush. Businessmen need to file a return on October 20, which coincides with Diwali, so it was suggested that the deadline is extended up to October 31," said Shailesh Patwari, president of GCCI.

The business representative also suggested the abolition of Reverse Charge Mechanism, the quarterly filing of returns instead of monthly filing and set off of penalties levied for late filing against the tax payable by businessmen.

Meanwhile, a three-member team has been formed in the districts of Gujarat to look into the hardships faced by businessmen after the rollout of GST. Formed as a part of an initiative of the central government, the team consists of an official from central excise, one from state's Commercial Tax department and one official from Revenue Department in the districts.

They have already started meeting representatives of trade and industry and have submitted a 10-page survey form for businessmen and another two-page form for consumers.

"This is a part of the nationwide exercise, where the feedback on GST will be taken. In the first phase, four states have been selected. Gujarat is one of them," said PD Vaghela, Commissioner of Commercial Tax in Gujarat.

As one team is formed per districts, 33 teams are being formed in the state. The form for businessmen contains 50 questions.

Rs 1,807 cr GST collected in Aug
The provisional collection of State Goods and Services Tax (SGST) for August in Gujarat stood at Rs 1,807 crore, marginally lower than Rs 1,868 crore recorded in July, according to figures of Commercial Taxes Department.

However, the collection of revenue from Gas, Diesel and Petrol in September stood at Rs 2,030 crore, higher compared to Rs 2,012 crore in August. The tax collections in Gujarat remained broadly in line with the national trend where the tax collections. Nationally, GST collections for August stood at Rs 90,669 crore, compared to Rs 94,063 crore in July.

However, this does not include the refund the government will have to provide to the businessmen in form of Input Tax Credit (ITC). State government officials said that the collection for August is likely to change as the figure of Integrated Goods and Services Tax (IGST) has not been factored into. “As more returns will be filed, the collection will also rise,” said PD Vaghela, Commissioner of Commercial Taxes in Gujarat.

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