All India Tax Advocate’s Forum (AITAF) has asked the Finance Minister to permit taxpayers to rectify mistakes occurred in their monthly GST return data in course when filing the GSTR-9 Annual form for the financial year 2017- 18.
The All India Tax Advocates Forum, in light of the extension in GST Annual Return GSTR-9C (Audit Report) for 2017-18 due dates till 30th November 2019,(Check Order No. 7/2019-Central Tax) has asked Finance Minister to allow assessees who have already filed the annual returns to rectify mistakes caused in their monthly GSTR-3B and GSTR-1 return.
Ever since its inception, GST has been marred with procedural and technical roadblocks. However, the Government has tried vehemently to ensure smooth functioning but ambiguities and confusions still prevail. But throughout the year, the Government was found sort of answers as far as clarity over ITC Claim procedures was concerned. The situation worsened further with the mismatch provisions in ITC Claims.
The Taxpayer Grievances
- Assessees did not get time to rectify mistakes in monthly returns.
- This would result in a mismatch between sales and purchase in Annual Returns.
- The mismatch would hamper smooth ITC Claims.
The AITAF Chief appeal for amendment comes at the backdrop of a crippled mechanism for tax reconciliation at ground level. In absence of a workable system, the mismatch between tax payments and final sales return could not be rectified. Unless rectification is permitted, timely ITC claims will remain a strong improbability for most taxpayers.
