The Confederation of Indian Industry (CII) has sought extension of deadline by one to two months for filing Goods and Services Tax returns.

The appeal follows persistent issues with transition credit and GSTR-3B forms.

“The Ministry of Finance has taken cognisance of the initial glitches being faced in online filing of invoices and extended dates for GST returns,” CII said in a statement.

“CII appreciates such support to the industry. CII has now requested for further extension [of the deadline] to resolve certain system issues.”

The industry body has suggested that the form for availing transitional credit, called TRAN-1, allow downloads, preview details, and come with a feature to take print outs to ease reconciliation before submission. This request comes in the backdrop of government officials saying that a large part of the ₹65,000 crore worth of transitional credits, so far claimed, was ineligible for refunds.

“CII further suggested that GSTR-3B should have a provision for the rounding off of input tax credit to the nearest rupee,” the statement added.

“This will match output tax liability which is rounded off, and be accepted in the system.”

Amending particulars:

“All modules of GSTN [GST Network] 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 further suggested.

“In view of these 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,” the industry body said. “This will stabilise the system.”

The government had earlier this month announced a deadline extension for the filing of returns for July and August. The GSTR-1 form for July is to be submitted by September 10 instead of the September 5 decided earlier. The GSTR-2 form for July is to be filed by September 25 instead of September 10. The GSTR-3 form can now be filed by September 30.

The deadlines for the returns for August have similarly been extended to October 5, October 10 and October 15 for the GSTR-1, GSTR-2, and GSTR-3, respectively.

Source: The Hindu