Govt sitting still on GST refunds

Issues in filing of GSTR-1 returns, due to system glitches,an impression is gaining ground that the government is not keen on granting refunds due to the shortfall in revenues

Last week, The Institute of Chartered Accountants of India (ICAI) brought to the government’s attention several issues in filing of GSTR-1 returns and enabling of transitional credit to assessees which could not file TRAN-1 returns due to system glitches. A follow-up to its representation of two weeks earlier. 
 

ICAI said the GST Network system was not generating a summary within five minutes. Sometimes, it takes around 12 hours, due to which assessees are not able to proceed further. Though the latter are generating ‘a json’ file in the latest version of the offline tool, on uploading such a file, the