Filing of returns is going to be extremely important aspect of the GST regime . The furnishing of details of outward supplies and inward supplies to the paired registered taxable persons is an innovative step to minimize the undue litigation as also to ensure the proper declaration of supplies by the suppliers as well as the recipients . It will automatically provide an opportunity of  matching the transactions of various supplies and thus will eradicate the chances of error or mistake in respect of claims of input tax credit and output tax liability . Envisaging the legal provisions for matching of inward supplies , outward supplies , the claims of input tax credit , claim of reversal and output tax liability and claim of its reduction , are significant aspects of the GST structure . The GST regime shall not only have the regular monthly or quarterly or annual returns  but shall also have the concept of first return , final return and return to be filed  by electronic commerce operator , non-resident taxable person etc. Thus related legal provisions and rules assume immeasurable significance in this scenario . The Goods and Services Council Secretariat has published the “Goods and Services Law” , in November , 2016 in the public domain and similarly  the “Rules relating to Returns ” have also been published for perusal of connoisseurs , laureates as well as common people for their perusal. Various Rules relating to “Returns” alongwith the related legal provisions embodied in the GST Act have been emphatically and comprehensively analyzed in my new article on “Submission of Returns in GST Regime ” . Hope this article will be very useful for all those who shall be liable to file return in GST Regime.

My aforesaid article is published in the first fortnightly issue of March , 2017 of “VAT LAW JOURNAL” ( published by Law Book Traders , 10 , Nagar Nigam Compound , Kaiser Ganj Road , Meerut (U.P.) India . (M) +91 9897128612) .


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