Need Amnesty from Penalty on GST: CII
It said that in view of certain pending issues, the deadline for filing GST returns should be further extended by up to a couple of months.
New Delhi: The apex industry body CII on Sunday asked the government for six months of amnesty from penal action on GST by tax authorities till the system stabilises.
It said that in view of certain pending issues, the deadline for filing GST returns should be further extended by up to a couple of months.
CII pointed out that GSTN is a single platform bringing together suppliers, buyers and tax authorities. “The ministry has taken cognisance of the glitches being faced in online filing of invoices and extended dates for GST returns. CII has now requested for further extension to resolve certain system issues,” it said.
“For example, Tran1 form is filed for July to carry forward the closing balance of credits of June 2017, including data of issue and pending C/H/F forms. Accordingly, Tran1 calculates the liability of pending forms; however, in many cases, carry forwarded amount has been calculated in negative figure,” it said.