Again a troublesome period for traders and entrepreneurs under the GST regime. The time for filing an annual return is gathering pace and till now entrepreneurs have not got an apparent picture of the Form-09. Even the tax advocates and the chartered accountants are facing difficulties in understanding the minutes of the Form. The Form is seeking the information which is not available with the traders and businessmen.
After the implementation of GST, it is the first time that the annual returns will be filed and the due date for the same is June 30, as notified by the Government of India. Prior to the GST regime, the traders were filling monthly returns, the pattern of which was quite different and easier than these annual returns. With the addition of several columns in the online form now, form filing has become an irksome task for merchants. They are facing many complications like mismatch in sales and purchase, difficulties in uploading the bills etc, and this is the reason why not even 15 to 20 per cent returns have been filed till yet.
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Various other columns have been added in the annual returns and bills are not getting verified, because of which traders of every class are bewildered and stressed. A memorandum has been sent to the government, as a plea to remove the flaws from the Form.
VS Gupta who is Provincial President at Uttar Pradesh Business Board had written that any information related to monthly returns are being sought in Photo-14 yearly returns, which are not available with them for which the whole year has to be matched. He showcased his objection on it.
To which deputy commissioner of GST replied that they have not received any such issues or complaints regarding photo-15 return filing by traders or advocates and the information about the number of returns filed will become overt after 30th June.
Every day in every way, GST taxation system is turning the new pages of complexities for every section of the Nation. The baffling and tiresome phase of GST seems to be elongated when the difficulties are not taking a halt. As far as return filing is concerned, the Government needs to take some urgent actions to avert an event when Annual Returns are either incomplete or inaccurate.
At present, the GST Council should take note on the grievances of taxpayers, considering the fact that policy must be created to abbreviate the compliance burden from the shoulders of taxpayers. Government strategies must encompass necessary education & assistance programs which will be beneficial for taxpayers as well as for government.
