Good response to Nationwide GST Stakeholder Feedback Diwas

Speed Post News Network

New Delhi : The Central GST and State GST authorities on December 7, 2019, organised a nationwide GST Stakeholder Feedback Diwas on New GST Returns for getting an on-the-spot response to the new GST Returns in 125 cities across the country where 7,500+ trade associations/stakeholders participated at the programme. The new return form is to be made mandatory from April 1, 2020.

The preliminary reports received by the CGST authorities are very encouraging. There has been an overwhelming response from GST stakeholders and several useful suggestions have been received. The programme was widely welcomed by GST stakeholders and tax professional/fraternity. It was significant that besides a large number of taxpayers, all prominent chambers of commerce and industry, tax practitioners, and compliance managers also participated at the programmes.

The Central Board od Indirect Taxes & Customs (CBIC) said that the CGST officers explained the new GST Returns and encouraged the participants to themselves upload these Returns (ANX-1 and ANX-2) and give feedback in regard to the ease of compliance, uploading, deficiencies, and improvements, if any. The focus was on assessing the ease of compliance and uploading of these new returns so that the taxpayers and trader do not face any difficulty when the returns are made mandatory.

The CBIC further said that the detailed feedback would be available by December 9, 2019, and we will further work on it to facilitate ease of compliance and convenience to taxpayers, according to a PIB release.

It may be mentioned here that Finance Minister Nirmala Sitharaman had directed the CGST and SGST authorities to organise a nationwide interaction with stakeholders on December 7, 2019, to get a first-hand feedback on the new GST Returns that are proposed to be rolled out from April 1, 2020. This was a follow up of the Finance Minister’s meeting held on November 16, 2019, with select taxpayers, Chartered Accountants, and Tax practitioners on the same subject.