24th April 2017
Talking about the prevailing tax structure, accounting and tax professionals are authorized to file returns on behalf of people liable to tax. These authorized people include Chartered Accountants (CAs), Sales Tax Practitioners (STPs) and Advocates.
Whereas the GST draft prowls to formalize the ongoing association between the tax payer and the person preparing the tax return. The model seeks to make the three- way affiliation between the tax payers, the return preparer and the GSTN (Goods and Service Tax Network) translucent.
One needs to understand who a Tax Return Preparer is under the GSR regime. What all he is accustomed to do and who is eligible to become one of them.
A person preparing tax return customarily called a Tax Return Preparer is a person approved by the Central or the State Government.
The appointed person willperform all or either of the below enumerated activities, on a behalf of a taxable person:
The next question which comes in line is who can become a Tax Return Preparer?
Any person who surpasses the below outlined conditions is eligible to become a Tax Return Preparer.
Now, to enroll as a Tax Return Preparer one needs to follow a certain procedure.
There are certain forms pertaining to the same.
Filing of Returns by a Tax Return Preparer
A Tax Return Preparer is authorized by a taxable person to file GST Returns. Once authorized, he/she prepares and furnishes the Statement, which is then confirmed by the taxable person.
The process in which this procedure is followed has been mapped below:
At any time, a taxable person can withdraw the authorization given to a Tax Return Preparer using Form GST TRP -7.
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