Govt summons Infosys to explain glitches in GST return filing1 min read . Updated: 31 Jan 2020, 01:08 PM IST
- Government fears glitches would delay plan to augment GST compliance measures
- Businesses have to file GST audit report and a reconciliation statement for FY18 by today
New Delhi: The government has called senior executives of Infosys Ltd, seeking explanation on glitches that some taxpayers face while filing goods and services tax (GST) returns. Executives from Infosys, the technology service provider for the new indirect tax regime, are scheduled to meet finance ministry officials on Friday.
The government fears these glitches would delay its plan to augment GST compliance measures, which need return filing and data capturing to be seamless.
In the meeting, officials from the government and Asia’s second largest IT services provider, will discuss technical issues that continue to trouble taxpayers more than two years after GST was implemented, said a government official, who spoke on condition of anonymity.
GST, which subsumed most indirect taxes such as central excise duty, service tax and cesses, was introduced on 1 July, 2017.
An email sent to Infosys regarding the meeting was unanswered at the time of publishing.
Businesses have to file GST audit report and a reconciliation statement for the financial year that ended March 2018 by today.
Earlier this month, the government had introduced a staggered GST return filing system, where small businesses and traders get more time than the bigger ones. The move, which was suggested by Infosys, was aimed to reduce pressure on the system closer to the deadline.
In the new system, all businesses with sales worth ₹5 crore or more will continue to file supply-related returns by the 20th of every month, while those with lower sales will get time till the 22nd or the 24th day of the month, depending on which state they are from.
Under the new system, around 800,000 regular taxpayers can file GSTR-3B return by 20th of every month without late fees.