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Business News

Jun 11, 2019
6:39PM

GST council to introduce new GST return system

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The GST Council has decided to introduce a new GST return system to facilitate taxpayers. An official release today said, a plan has been worked out to ease the transition to the new return system. As per the plan, a prototype of the offline tool has already been shared on the common portal to give the look and feel of the tool to the users.

The tool would be the same as that of the online portal. There are three main components to the new return - one main return (FORM GST RET-1) and two annexures (FORM GST ANX-1 and FORM GST ANX-2).

Between July and September this year, the new return system (ANX-1 & ANX-2 only) will be available for trial for taxpayers to make themselves familiar.

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