Basic procedures in GST :
Background
GST is a very procedure oriented legislation. Substantial benefits can be lost and penalties can be imposed simply because proper procedures were not followed.
GST procedures are based on e-governance. Submission of papers and physical inter-face with department is minimum.
Basic Procedures are as follows —
(a) Registration with GST which is common for IGST, SGST, UTGST and CGST
(b) Electronic payment of taxes
(c) Filing of returns which are common for IGST, SGST, UTGST and CGST
These core procedures are discussed under different chapters.
No statutory records or registers have been specified in GST Act. Normal records of taxable person, giving required details are sufficient.
Self assessment – Assessment under GST is basically a self assessment. However, there are provisions of audit, inspection, visits (raids) etc. Tax liability can arise during such inspection, audit, visits etc.
Government can specify specific procedures for registration, payment, return etc. – The Government may, on the recommendations of the Council, and subject to such conditions and safeguards as may be prescribed, notify certain classes of registered persons, and the special procedures to be followed by such persons including those with regard to registration, furnishing of return, payment of tax and administration of such persons – section 148 of CGST Act.