In Abeyance
The new GST return filing mechanism continues to be delayed as authorities find it difficult to strike a balance between revenue considerations and taxpayer convenience.
The task of simplifying the return filing mechanism under the Goods and Services Tax (GST) regime is proving to be onerous for the government. It has been a cause for concern right from the start. The industry resisted the initial system of filing three returns a month and one annually, forcing the government to simplify the process. But that is far from being achieved.
In November 2017, the governing body of the new indirect tax law, the GST Council, decided to suspend the GSTR 2 form, filed for every purchase made during a month, and GSTR 3 form, the consolidated return for monthly sales, purchases and tax liabilities, and temporarily replaced them with a summary GSTR 3B return form.
