GST may add to India Inc's documentation burden

Council to meet on March 31 to discuss rules

Industry is worried it might face increased compliance burden due to rules under the proposed goods and services tax (GST) regime. 

Companies would have to upload three returns every month — by the 10th, 15th and 20th of the month after a sale happens, said M S Mani, senior director, indirect tax, Deloitte. 

According to rules on returns, companies would have to submit details of its supplies or invoices by the 10th of the subsequent month. They have to upload details of purchases of inputs by the 15th of the subsequent month. GST returns, carrying details of taxes paid and