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GST return forms likely to be tweaked to curb mismatches

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GST return forms likely to be tweaked to curb mismatches
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    The Economic Times daily newspaper is available online now. Read Today's Paper GST return forms likely to be tweaked to curb mismatchesBy ET BureauLast Updated: Oct 23, 2026, 12:00:00 AM ISTSynopsis

    The government is looking to revamp GST return forms to minimise discrepancies between reported sales and tax payments. Draft forms will be available for public feedback starting November 1 and the changes take effect on April 1, 2027.

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    Loading...×New Delhi: The government plans to revamp goods and services tax (GST) return forms to curb mismatches between sales reported by businesses and the tax they pay, a key trigger for notices from tax authorities.

    Draft forms will be uploaded on the MyGov portal on November 1 for public feedback until November 30, a senior official said on Thursday. The revised forms will take effect from April 1, 2027. "Based on the industry responses, we are modifying GSTR-1 form, we are improving the IMS so that the need for editing 3B does not arise," said Gaurav Singh, commissioner in the GST Policy Wing of the Central Board of Indirect Taxes and Customs (CBIC).

    He was speaking at an Assocham conclave on GST. The changes, approved by the GST Council on October 8, aim to reduce errors in tax filings and make it easier for businesses to reconcile sales, tax payments and tax credits. Nearly 80% of GST notices were linked to mismatches in returns.

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    Separately, the CBIC is considering simplifying GST audits. Businesses operating in multiple states can currently face audits by tax authorities in each state. Singh said the audit process needed to be reviewed to ensure taxpayers faced "no harassment". Resolving problems in the tax credit system would also strengthen the GST framework and enable further reforms, he added.

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            Source: Economic Times — Economy ↗

            Figures reflect the source report and its stated period. This article is for information and is not investment advice.