GST council of India decided to extend meet from 1st March to 10th March due to Holi festival. Now GST meet will be held on 10th march with the GST expert panel. In the last meet, Finance minister gave a clue of this meet agenda. To move away from the difficult system to file a return on quarterly basis Govt is thinking about to change it to monthly wise return format. Whereas only sale purchase will be shown and matching of input will be checked out in filling the return process same like previous. All the participants of the council willingly to do single return process on monthly basis.
GST return filling becomes tougher these days due to less knowledge or having a problem in filling return. By virtue of this Government decided to make easier and user-friendly process of filing GSTR-3B for entrepreneurs or businessman. Majorly auto filled tax option also generated by putting CGST or SGST, Which will help the users to file tax in a very easy manner. Now the taxpayer is able to file tax liabilities before filling the return.To generate challan the process becomes easier after calculating tax credit challan will generate automatically.
Most of the taxpayer usually do mistake in input tax credit computation now due to the new process it also becomes easier and user-friendly.Before GSTR-3B, GSTR-2B changes already running. Now the GST council meet will play a very important role to ease the process of filling return on sale and purchase directly by matching both sides.
- To make GSTR easy and user-friendly.
- Make return process more fast and transparent
- To solve the errors in GST
- Solve the problems of Taxpayer.
Significance and importance
The monthly return policy is same as the previous version of tax. This process is easy and transparent. Due to this process businessman will also get relieved from the quarter measures. To make it simple, clear and smooth the effort by the govt. is better for the businessman. As we know GST is now the only one platform to fill the tax.
The whole process of GSTR is online, that’s why it is necessary to make the system more confinement, user-friendly. After GSTR-3B it will become easy so that every taxpayer can update their detail in a uniform and transparent manner. Almost all the difficulties become easier rather than the previous process.
Govt. is ready to roll back the GST from quarter to monthly that includes sale and purchase filling method only. It is the simplest way to fill detail on the monthly basis for easy access tax payment and transparency.
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