Nandan Nilekani Gives Expert Advice on Simplifying Returns
Infosys chairman Nandan Nilekani, who aims at simplifying filing of GST returns, has made a long presentation at the Goods and Services Tax Council today.
Arun Jaitley said that the final decision would be given at the next meeting of the council held via video conferencing.
The GST network is being implemented by IT giant, Infosys. As per Mr Jaitley the latest technology czar integrated two alternative proposals suggested by another committee minutes earlier.
He added that although there was no decision, the entire situation finally was culminating into a direction. Since the launch last year, a complicated system of return filing returns has been one of the most prevalent criticisms that the national tax reform is facing.
The instruction was that return filing under GST Return 3B will not be restricted in any way and the sellers and suppliers should simultaneously load their invoices, after which all the details of supply would be made available. It is implied that the 3B return between the purchaser and the supplier will depict the supplies made. In case of any difference between the two, it can be explained at a later stage, the finance minister said.
This is not the first time that the government has made use of Mr Nilekani’s expertise.
Former PM of India, Mr Manmohan Singh had appointed the Infosys co-founder into the government on the rank of a cabinet minister in order to take charge of the Aadhaar identification system. The technocrat contested the Lok Sabha elections in 2014 on a Congress ticket from Bengaluru.
In November 2016, Prime Minister Modi’s government also reached out to the techie nerd in order to join a committee of chief ministers, which was headed by Andhra Pradesh CM Chandrababu Naidu in order to help in framing a path to digital payments.