The Goods and Services Tax Appellate Tribunal (GSTAT) is close to operationalization and should begin operations by the end of current financial year, according to Revenue Secretary Sanjay Malhotra’s statement.
The GSTAT was established to settle disputes pertaining to GST. Concerns have been raised regarding the GST Appellate Tribunal’s operationalization.
“I want to reassure you that the GSTAT is getting close to its operationalization.” Malhotra stated at the State Bank of India’s (SBI) annual business and economic conference, “Hopefully, it should start functioning and hearing cases by the end of this financial year.”
Read Also: GST Council to hold 55th meet on Dec 21 in Jaisalmer: Sources
In May 2023, Justice (Retd) Sanjaya Kumar Mishra was appointed as President of the GST Appellate Tribunal (GSTAT) by Union Finance Minister Nirmala Sitharaman.
As of August 2023, more than 14,000 GST appeals were still outstanding, according to a response to a legislative commission. Appeals against the first appellate authority’s decisions will be heard by GSTAT. It will include several state benches in addition to the Principal Bench in New Delhi.
At the event, the Revenue Secretary announced that the GSTAT will consist of approximately 44 benches nationwide, each consisting of four members. Three of these members will come from the central government, while one will come from a state government. Applications have been accepted by the Union government, and member interviews are complete.
Read also: Who needs to file GST annual return by December 31, 2024
About half of the places have been identified; the remaining locations are still in the process of selecting because we need to reserve the space. “Additionally, we have posted a need for employees to assist these members. Applications for these opportunities have been received. The staff and members for these benches will be selected very soon,” he continued.
Malhotra said that the GSTAT software is now available, enabling a completely paperless and computerized process. The IT infrastructure need to be procured, too.
Disclaimer: The article or blog or post (by whatever name) in this website is based on the writer’s personal views and interpretation of Act. The writer does not accept any liabilities for any loss or damage of any kind arising out of information and for any actions taken in reliance thereon.
Also, www.babatax.com and its members do not accept any liability, obligation or responsibility for author’s article and understanding of user.
For Collaborating with us-
- Mail us at [email protected]
- Whatsapp us at +91-7024984925
