Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) is considering introducing pre-filled consolidated GST return forms, similar to the Annual Information Statement (AIS) used by the Income Tax department. The move is aimed at reducing the compliance burden on taxpayers and improving the ease of
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The CBIC is considering introducing pre-filled consolidated GST return forms, similar to the Annual Information Statement used for Income Tax filing.
The main goal is to reduce the compliance burden on taxpayers and improve the ease of filing GST returns.
The facility is expected to be launched by the end of this year, with a senior official mentioning a potential launch of the consolidated feature by November.
The consolidated pre-filled form will come with an e-verification feature to settle any discrepancies in data ahead of filing, reducing the scope for errors.
Benefits include reduced compliance burden, improved ease of filing, increased compliance, reduced litigation, and potentially boosting tax collection.
The facility is expected to reduce the time and cost of e-filing by up to 60%.
CAclubindia
