Taxing times

Even four months after implementation, the goods and services tax (GST) is yet to be understood well by taxpayers and even consultants. GST seems to have translated into “good sensible torture” for taxpayers.

With five working days to go for filing of GSTR-2, the government is still to announce its fully functional utility for filing of returns. It appears the government wants to keep the taxpayer busy with compliances. By October 31, 2017, a taxpayer is required to file GSTR-2, TRAN-1, tax audit report, income tax return, tax deducted at source returns.

For TRAN-1, the revised date was notified as October 31,