GST Return Deadline May Get Extended Yet Again, CII Suggests Two Months

News World India | 0
| September 24 , 2017 , 19:09 IST

Highlighting pending issues that need to be resolved, Industry chamber Confederation of Indian Industry (CII) has argued a two-month extension of Goods and Services Tax (GST) return filing deadline to stabilise the system.

The CII, in a release, said: "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 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 added.

Earlier, the government had extended the filing deadline by five-days to August 25.

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The Goods and Services Tax return portal had crashed due to some technical glitches, a day before the last submission date. In fact, the government was forces to push the deadline forward, against, due to yet another technical fault earlier this month.

Now, the CII has suggested a further extension of the deadline.

The confederation said, "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."

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

The CII has also said that the authorities should not take any penal action in the first six months of the GST launch.