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GST Update 03.01.2016

FACILITATION CENTER AND TAX RETURN PREPARER SCHEME

GST registration process: -
 
FACILITATION CENTER AND TAX RETURN PREPARER SCHEME
 
GST regime will be beginning of a hi-tech era wherein almost all the processes like registration, return filing, refund application, etc. will be online. However, in India a no. of tax payers would be there who are not IT savvy. Thus, the report of Joint Committee on business process for registration suggests the facilities of Tax Return Preparer (TRP) & Facilitation centre (FC).  
 
An assessee may approach TRP for preparing and online filing of registration application, returns, etc. The TRP will upload the said application or return on the basis of information provided to him by the assessee. He, however, shall not be responsible for the correctness of information and any such incorrectness in the information shall be the sole responsibility of the assessee who has provided such information to the TRP.
 
Facilitation Centre (FC) shall be responsible for the digitization and / or uploading of the forms and documents including summary sheet duly signed by the Authorized Signatory and given to it by the taxable person. The data shall be uploaded on common portal using the ID and Password of FC. Print out of acknowledgement will be taken and signed by the FC and handed over to the taxable person for his records. The FC will scan and upload the summary sheet duly signed by the Authorized Signatory. This system is being proposed to be incorporated in GST regime after its grand success in the Income Tax Department where the FCs have been set up for facilitating submission of TDS returns, PAN card forms, etc.
 
The report recommends that the TRP/FC should be registered; however, final view on the same shall be taken by GST law drafting committee. It is worthwhile to note here that the TRP/FC shall be handling the crucial data of assessees. Thus, it is hoped that the registration shall be mandatory for TRP/FC so that it can be ensured that the persons handling such data are genuine and there is no fear of misuse of such vital information.
 

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