Why the annual returns and filings under GST have created utter confusion

Annual filings under the goods and services tax (GST) regime are expected to create chaos for the trade and industry community in the coming months. Until today, two forms were notified for annual filing. These include an annual return to be filed by a taxpayer and a GST reconciliation statement that has be certified by a practising chartered accountant. Considering the complexities of annual fili…