The government is working on pre-filled consolidated GST return forms on the lines of Annual Information Statement (AIS) feature used by the Income tax department, which will allow taxpayers to view all their transaction details and e-invoices to arrive at exact tax liabilities.
The consolidated pre-filled form, being readied by Central Board of Indirect Taxes and Customs (CBIC), will also come with an e-verification feature to settle any discrepancies in data ahead of the filing of return, reducing the scope of any error.
The facility, expected to be launched by the end of this year, will reduce litigation, will further improve compliance and will enhance ease of filing GST returns without hassles of uploading so many documents, officials said.
Currently a regular business needs to file three returns – GSTR-1 and GSTR-3B on monthly and quarterly basis, depending on their turnover and an annual GSTR-9 form. While some forms already have pre filled data, it is not synchronised and the taxpayers have to match all details around purchases, sales, refund claims or demand created separately to avail input tax credit.
Enhanced Automation
https://economictimes.indiatimes.com/news/economy/policy/cbic-weighs-i-t-like-prefilled-consolidated-gst-return-forms/articleshow/100920859.cms
