Finance Minister T. Harish Rao has expressed concern over diversion of huge revenue on account of State bifurcation and non-updation of customer addresses by certain tax payers.
Customer addresses in the records of certain tax payers were still showing Andhra Pradesh even though they were located in Telangana. The Minister raised the issue during the GST Council meeting which started in Chandigarh.
Mr. Harish Rao, accompanied by Finance special chief secretary K. Ramakrishna Rao, met Union Finance Minister Nirmala Sitharaman on the sidelines of the GST Council meeting. He thanked the GST Council for proposing to allow negative values in GSTR 3B returns in the proposed new form. The same facility should be incorporated in the current 3B form too so that the extent of mistakes in declaring wrong place of supply during the current year could be rectified.
