Make return format easiest.so,it can fill and upload in a few minutes.At present excise return and vat return is time consumed process. Man is not without mistake so option of amended return need must.

In respect to GST return, It should be online filling in all cases either, monthely, quarterly, or yearly. There should be provision of filling revised return within 3 to 6 months in case of monthly/quarterly return and 1 year in case of yearly return. The processing or scrutiny of return should be online. In case of small assesse upto turn over of 1 crore, self assessment or deemed assessment scheme should be introduced. GST retrun should be simple and easy,freindly user to assesse & practioner

If government can reduce the stamp duty on assets (land, home, offices, etc.) and increase the circular rate. This will help to reduce the amount of black money being generated from purchase/sale of land, house, etc, and will not effect on the government income. And later on, government can get more tax based on that value ! #GST, #ReportonReturns, #GoodsandServicesTax, #Departmentof Revenue, #MyGov

We should look at simplifying the business process for input tax credit management taking complete advantage of information technology and ensuring efficient procedures. The business process outlined in the document could be much more simplified without compromising on governance which will much more scalable from compliance perspective

With the proposed GST regime what will be the taxable event (point of taxation) for availing input tax credit. Will it be on receipt of goods or services or on successful upload and tax payment initiated by the supplier.

I would suggest to look at the exact business process with a much more holistic view as systems will have to be designed appropriately by GSTN as well as Tax payers to handle the compliance requirements based on scalable logic

What is the significance if ISD under proposed GST regime? State will be the primary jurisdiction for GST. My view is that there will not be the concept of centralized billing for services as it exists today. Ideally GST for services should be levied based on place of supply rules. ISD would be very complex considering that different states will also get involved in an ISD transaction

What is the significance of TDS (Tax Deducted at Source) under GST regime considering that GST will be a tax levied on supply of Goods or Services or both for a consideration. I would expect that under GST the current requirements under WCT should undergo major changes.

#GSTReturns:- Second, Supplementary invoice/Debit note/credit Note - In auto industry supplementary invoice is a common practice for price revision where separate invoice is raised where a detailed annexure will be prepared for original invoice and price working which will have number of pages. When GST return talks of linking the debit note/credit Note to original invoice. System, should allow to upload the details to system.

The return should also give importance for two specific points I.e.

#GSTReturns:- sales in transit - In this case the seller could have uploaded the sales in GSTR1 where as the purchase has not received yet. So he will not show this purchase in GSTR2 even though the same will so in its return as collected from system. In this case the system should show the cumulative pending recon of GSTR1 Vs GSTR2 with a separate report.

Second, Supplementary invoice/Debit note/credit Note - In auto industry supplementary invoice is a common practice for price revision where separate invoice is raised where a detailed annexure will be prepared for original invoice and price working which will have number of pages. When GST return talks of linking the debit note/credit Note to original invoice. System, should allow to upload the details to system.