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1% of expected invoices uploaded to GSTN

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1% of expected invoices uploaded to GSTN
About one per cent of the expected goods and services tax invoices had been uploaded on the GST Network more thanamonth after the facility opened, suggestingalastminute scramble near the September 5 deadline andaclamour for an extension.

Only 4.4 million invoices have been uploaded as part of the GSTR 1 return filing,afacility that became operational on July 25. “At least 440 million invoices should have been uploaded. The facility is open for 38 days, but only 4.4 million invoices have been uploaded.

In last minute filing, they will commit errors and the system will not accept the return,” said a GSTN official.Taxpayers would then seek an extension, he added.“We will consider extending the deadline if people face genuine difficulties in filing GSTR 1,” said another official.

The last date to file provisional return GSTR 3B was extended from August 20 to August 25 after taxpayers faced difficulties in filing.So far, 39.7 million returns have been filed by the 5.95 million entities registered for the GST in July, excluding those under the composition scheme.

Based on this, 2025 per cent of those registered have not filed tax returns. Experts pointed out taxpayers were grappling with GSTR 3B, the selfdeclaration form, for the first two months.This did not give them enough time to upload invoices, they added.

GST relief

The government on the recommendation of the Goods and Services Tax (GST) Council on Friday waived the late fees for the GSTR 3B returns for July, filed after the due date.

The announcement comes amid concerns raised over difficulties faced by the industry in filing returns.

The Business Standard, New Delhi, 02nd September 2017

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