Supreme Court Seeks Finance Ministry's Response on Revised GST Returns



Quick Summary
The Supreme Court has issued a notice to the Finance Ministry requesting a response regarding a petition that seeks the introduction of an option for filing revised GST returns. The petitioner argues that the current lack of a revision facility is problematic for registered businesses, unlike other tax laws. The court will hear further arguments on November 15, 2023, with a potential ruling that could allow businesses to correct errors without penalties.

Supreme Court Issues Notice in Writ Petition Seeking Option for Revised GST Returns The Supreme Court has recently issued a notice in a Writ Petition seeking the availability of an option for revised returns on the GSTIN Portal. The petition was filed by Pradeep Kanthed, who argued that the unava
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FAQ :

The Supreme Court has issued a notice to the Finance Ministry in response to a Writ Petition seeking the option to file revised GST returns.

The petition was filed by Pradeep Kanthed.

The petitioner argues that the absence of a revised returns option traps GST-registered persons and dealers, contrasting it with provisions in other tax laws like Income Tax and VAT.

If successful, it could lead to the introduction of a provision for revised GST returns, allowing businesses to correct errors without penalties or interest and potentially reducing disputes.

The next hearing is scheduled for November 15, 2023.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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