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Smooth execution without technical glitches critical for GST filing system: Experts

Smooth execution without technical glitches critical for GST filing system: Experts

Smooth execution sans technical glitches is critical for the revamped and simplified goods and service tax (GST) return filing system, said experts.

They batted for adequate testing of the new facility by GST Network before its proposed roll out in September.

Rollout of GST in July, 2017 subsequently saw several glitches in return filing and multiple deferments of deadlines.

“Businesses would expect that adequate sand box testing is done by GSTN and there are no perfunctory changes, which ultimately impact their current compliance set-up,” said Harpreet Singh, partner for indirect taxes at KPMG India

The government plans to link GSTR 1, the form used to fill outward supplies, with GSTR 3B, used to fill returns summary, which will reduce mismatch of information through auto-population. The linking would also lead to reduced cases of input tax credit mismatch, unintended errors and also prevent tax evasion.

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