Para 1 – Draft-Bills-Reports – Business Process for GST on GST Return – Report on – Business Process for GST on GST Return – [October 2015] – Para 1 – 1. Introduction 1.1 During the Empowered Committee meeting held on 10th March, 2014, it was decided that a Joint Committee under the co-convenership of the Additional Secretary (Revenue), Government of India and the Member Secretary, Empowered Committee should be constituted to look into the Report of the Sub-Group-I on Business Processes for GST and make suitable recommendations for Registration and Return to the Empowered Committee. It was also decided that the Joint Committee should also keep in view the Registration and Return requirements necessary for IGST Model. Accordingly, a Joint C
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nish details about the taxes paid in accordance with that return; and (iii) File correct and complete return within stipulated time frame. 1.4 GST is a self-assessed destination based taxation system. The submission and processing of return is an important link between the taxpayer and tax administration as it is an important tool for: (i) Compliance verification program of tax administration; (ii) Providing necessary inputs for taking policy decision; (iii) Management of audit and anti-evasion programs of tax administration; (iv) Finalization of the tax liabilities of the taxpayer within stipulated period of limitation. 1.5 This document lists out the salient aspects of the process related to filing of GST returns. 1.6 There will be common
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