As we all know Extended due date to file Tax Audit Report and related ITR for A.Y. 2017-18 is 31st October 2017, which the Taxpayers and Tax Professionals across the country were demanding to be further extended till 30th November 2017. One of the Major Arguments and reason for asking the extension was additional workload due to newly implemented GST System and Huge Loss of Working Hours due to Hasty/ Faulty Implementation of GST which was rushed through in a “half-baked” manner.
Although everyone knows that GST has been implemented without proper planning, foresight and institutional readiness but when you ask anyone in Government they will say that it was implemented very well and transition is smoother than what we expected.
Now the moot question is that if the transition is so smooth then why has the Government still not been able to release utilities for all the GST forms as specified by it in GST Rules and Acts? Why is it extending due dates of all GST Forms one after the other? Do you think that it is done merely to facilitate trade? No. It is done to cover the inefficient GSTN system.
Check Some of the Recent Notifications Extending Due Dates of GST Returns:-
|S. No.||Title||Notification No.||Date|
|1.||CBEC notifies extended due date to file Form GSTR-2 & GSTR-3 for July, 2017||Notification No. 54/2017–Central Tax||30/10/2017|
|2.||FORM GST-ITC-04 filing due date extended to 30th November 2017||Notification No. 53/2017–Central Tax||28/10/2017|
|3.||FORM GST ITC-01 filing due date extended to 30th November 2017||Notification No. 52/2017–Central Tax||28/10/2017|
|4.||Central Goods and Services Tax (Eleventh Amendment) Rules, 2017||Notification No. 51/2017–Central Tax||28/10/2017|
|5.||Revised Form GST TRAN-1 filing due date extended to 30th November 2017||Order No. 08/2017-GST||28/10/2017|
|6.||FORM GST TRAN-1 filing due date extended to 30th November 2017||Order No. 07/2017-GST||28/10/2017|
|7.||FORM GST REG-26 filing due date extended to 31st December 2017||Order No. 06/2017-GST||28/10/2017|
|8.||Form GST CMP-03 filing due date extended to 30th November 2017||Order No. 05/2017-GST||28/10/2017|
|9.||FORM GSTR-3B Late Return filing fees waiver notified by CBEC||Notification No. 50/2017-Central Tax||24/10/2017|
What do these notifications signify? These signify that GST is implemented without proper planning, GSTN system is still in development stage and is inefficient. GST System been implemented without testing and proper infrastructure has not been placed for it.
Government may have given some relief to professionals even if they would have extended above due date well before the due date of their filing date but due to their attitude of extending every due date at last moment they wasted valuable working time time of professionals and taxpayers by extending these due dates also at last moment.
Disadvantages of Inefficient system and Unplanned GST Implementation –
So from above it is clear that Faulty GST implementation has resulted in loss of Working Man Hours for Businessman and Tax Professionals, which they may have used in Completion of Tax Audits and Filing of their Income Tax Returns and for such genuine reasons, Extension of due date from Government should have been on Voluntary basis but Government has chosen to not to do so Voluntarily and also ignored the various representations been made in this regard by Various Trade Professionals and Professional Organizations.
|1.||90% of Taxpayer/ Professionals wants Income Tax Due Date Extension|
|2.||Last Minute Form 3CD Schema Change but no extension|
|3.||ICAI Request for Tax Audit / ITR Due Date extension to 30th Nov 2017|
|4.||Request for extension of date of filing of Tax Audit Report & ITR|
|5.||Why time Limit for filing IT Return (44AB Audit Cases) must be further extended|
|6.||Untimely release of GST forms and utilities- Representation to FM|
|7.||AIFTF requests extension of date for filing Income Tax Returns for AY 2017-18|
|8.||Income Tax E Filing Website Crashing issue – Letter to PM by a Citizen/CA on Press Release by CBDT|
|9.||6 Reasons why due date of IT Return Filing been extended|
|10.||Automatically collecting of GST Late fees is against GST Law|
Although Tax Professionals, Trade Bodies, Accounting Institutions and Businessmen have given various representations with proper and justified reasoning for extension, it seems that the government has turned deaf ear to their demand and has not even given one single valid reason why extension cannot be given and why they have made Taxpayers and Tax Professionals suffer for wrongdoing of Government and GSTN System.
We still hope that better sense will prevail and government will extend the due date, understanding the ground realities and problems faced by those who are involved with such compliances.