CAIT urges Jaitley to extend last date for filing ‘Annual GST Return’ to March 31, 2019
New Delhi, Dec 7 (KNN) The trader’s body, Confederation of All India Traders (CAIT) has urged Arun Jaitley, Union Finance Minister to extend the last date for filing ‘Annual Goods and Service Tax (GST) Return’ from December 31, 2018 to March 31, 2019.
In its communication to Jaitley, the CAIT said that the format of filing of annual GST return and even
option is not available anywhere including on GST website as well.
“Under such circumstances it will not be possible for the traders to file their annual GST return by the stipulated period and as an immediate measure, the CAIT has urged to extend the last date of filing Annual GST Return up to March 31 2019 for the period 2017-18," it said.
The annual GST return assumes mush significance as it gives last opportunity to assesses to rectify their previous return filed with the department for the concerned year, CAIT pointed.
Further, the association pointed that the concept of annual GST return is still not known to large number of traders across the country.
Being the first year of GST implementation, most of the traders registered with GST are not even aware of the obligation of filing annual GST return, CAIT added.
Moreover, it is also not known to them that annual return is the last opportunity for the assesses to rectify their Returns so as to avoid any denial of Input Tax Credit (ITC) which in turn could also be resulted into unwanted tax recovery.
While urging for extension of last date, the CAIT has suggested that a wide spread national campaign should be launched by the Government to make assesses aware about the liability of filing annual GST return and its process.
Further, it has also urged that format and option of annual GST return should be made available on GST portal immediately and even in regional languages as well.
New Delhi, Dec 7 (KNN) The trader’s body, Confederation of All India Traders (CAIT) has urged Arun Jaitley, Union Finance Minister to extend the last date for filing ‘Annual Goods and Service Tax (GST) Return’ from December 31, 2018 to March 31, 2019.
In its communication to Jaitley, the CAIT said that the format of filing of annual GST return and even
option is not available anywhere including on GST website as well.
“Under such circumstances it will not be possible for the traders to file their annual GST return by the stipulated period and as an immediate measure, the CAIT has urged to extend the last date of filing Annual GST Return up to March 31 2019 for the period 2017-18," it said.
The annual GST return assumes mush significance as it gives last opportunity to assesses to rectify their previous return filed with the department for the concerned year, CAIT pointed.
Further, the association pointed that the concept of annual GST return is still not known to large number of traders across the country.
Being the first year of GST implementation, most of the traders registered with GST are not even aware of the obligation of filing annual GST return, CAIT added.
Moreover, it is also not known to them that annual return is the last opportunity for the assesses to rectify their Returns so as to avoid any denial of Input Tax Credit (ITC) which in turn could also be resulted into unwanted tax recovery.
While urging for extension of last date, the CAIT has suggested that a wide spread national campaign should be launched by the Government to make assesses aware about the liability of filing annual GST return and its process.
Further, it has also urged that format and option of annual GST return should be made available on GST portal immediately and even in regional languages as well.
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