Kanpur. On July 1, it will be seven years since GST was implemented. But till now traders and entrepreneurs have not been allowed to revise their returns. Due to this, while the officers are issuing notices, the entrepreneurs and traders are forced to deposit ten percent of the tax and appeal.

There was a respite at the time of VAT 

If there was any mistake while filing the return at the time of VAT, then there was an exemption to revise the return. This would correct the data. But this system is not there in GST, whereas this facility is applicable in Income Tax and Excise.According to Santosh Kumar Gupta, chairman of the GST committee of the Merchants Chamber, while filing GSTR-1, some sales data is not fed and despite being caught immediately, the trader cannot revise that return. This sales data can be shown only in the next month. But for this one month, the trader has to pay interest at the rate of 18 percent per annum.

Traders are facing these problems 

The GST officer can issue a notice for not showing this sale and can also impose a penalty with interest. The accountants who look after the accounts of businessmen work for many firms simultaneously. They have the papers of all of them. In such a situation, many times such sales are also shown in GSTR-1, which have nothing to do with the businessman.

The businessman does not deposit this tax in the 3B return. In such a situation, the officers issue a notice, in which interest and penalty along with the tax are demanded. When the cases go for appeal, there too in most of the cases the businessman's argument is not accepted. Out of compulsion, he has to pay tax, interest and penalty for the sale which he did not make. Cases of wrong adjustment of ITC are also pending. Since the financial year 2017-18 and thereafter 2018-19 being the initial phase of business after the implementation of GST, cases of wrong adjustment of ITC are not being rectified till now.

The interest on them has become more than the tax that is not due. According to Santosh Kumar Gupta, a petition has been filed in the Supreme Court for the facility of amendment in the return. The court has also sought a reply in the matter. The facility of amendment in the return should be provided for the convenience of businessmen.