Further, TRAN 1 (and consequently, all such details) is to be submitted for each jurisdiction where the entity has registration. "Problems in filing TRAN 1 returns due to absence of (offline) utility is compounded by inadvertent errors made in filing, with no recourse or visibility of a change in the returns... The compliance calendar should be pushed forward to allow GSTN to be fully ready with its software," said Bipin Sapra, partner, EY. "Without any utility on GSTN for filing TRAN 1, companies have to manually punch thousands of invoice and other details on the portal. "Several businesses that had filed their service tax returns by August 15 and thereafter realised they are required to revise the service tax returns are now in a quandary."

Source: Economic Times August 27, 2017 18:22 UTC