Finance Ministry to invite comments on amended GST return forms from Nov 1
The Finance Ministry will invite comments from businesses on the proposed changes in monthly GST return forms, beginning November 1, a senior official said on Thursday.
Central Board of Indirect Taxes (CBIC) Commissioner GST Policy Wing Gaurav Singh said the department would also work towards streamlining GST audit process.
The 57th meeting of the GST Council, comprising Centre and state finance ministers, had approved an alternate mechanism for making amendments to liabilities and input tax credit (ITC) in GST returns to minimise mismatches and reduce notices/intimations.
The Council approved enhancements in GST Forms GSTR-1/1A/IFF to enable better reconciliation of the details furnished in these forms with the details reported in the returns in monthly tax payment form GSTR-3B.
Singh said the amended GST return forms will be put up for public consultation on 'MyGov' portal on November 1 and will be open for comments till November 30.
The amended GST return form would be applicab
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