Group of ministers, led by Bihar Deputy Chief Minister Sushil Kumar Modi, to hold review meeting every fortnight
Raghu Krishnan | Bengaluru Last Updated at September 17, 2017 00:17 IST
Since Friday, GSTN officials met several large enterprises including Unilever, over 80 tax officials from various states and interacted with tax consultants who help file returns for the nearly 8.5 million taxpayers registered with the indirect tax system.
Traders have complained that it takes as much as 12 hours to update a form, and in many cases, the site is inaccessible. This has had an impact on the filing of returns.
For July, around 4.7 million traders had filed the returns; for August, so far only 0.3 million have filed returns.
Modi appealed to dealers to not wait till the last day to file returns. He added the heavy rush to meet the deadline would put pressure on the system.
“It is like building the ship while sailing,” said Modi, “Any system will take time to stabilise. Efforts are now on to find solutions to the problems.”
The other members of the panel are Karnataka Agriculture Minister Krishna Byre Gowda, Telangana Finance Minister Etela Rajender, GSTN interim Chairman A B Pandey and GSTN Chief Executive Officer Prakash Kumar.
Infosys, which had claimed that it was ready with a robust system before the GSTN roll-out, was represented at the three-hour-long meeting by its interim Managing Director and Chief Executive Officer Pravin Rao and independent board member D N Prahlad. They assured that the company would put in resources to fix the glitches soon.
“All decisions taken today (Saturday) — timeline and solution for problems — will be discussed again in the next meeting,” said Modi.
Experts, however, felt addressing the glitches was the need of the hour.
“A few of the key problems, such as deregistration or the refund mechanism for exporters, should be given preference. While the government is making efforts to resolve these problems, the businesses are also required to upload the data on time and not rush only at the last moment,” said Abhishek Rastogi, partner, Khaitan and Co.
Pratik Jain, partner and leader, indirect tax, PwC, said, “The speed with which the GSTN monitoring committee was constituted and held its first review meeting was encouraging. Hopefully, the committee has got a 360-degree view of all the issues and challenges. It would be good if list of these issues and expected date of resolution is published for public consumption, which will allay some bit of anxiety that industry has.”
No extension for filing GSTR-3B after December
The government on Saturday ruled out any further extension of timeline after December for filing GSTR-3B tax returns by businesses. GSTR 3B is a simple return form introduced by the CBEC for July and August, following the roll-out of the goods and services tax (GST) from July 1.
“We have already extended the period for GSTR-3B. People have to file their own self-assessed summary return till December, and there will not be any extension of time as far as GSTR-3B is concerned,” Revenue Secretary Hasmukh Adhia said.
Additional inputs from PTI
First Published: Sun, September 17 2017. 00:14 IST