A new Goods and Services Tax (GST) return system will be introduced to facilitate taxpayers.
This was decided by the Council at its 31st meeting to ease the transition to the new return system. A transition plan has been worked out, said an official release on the 31st meeting of the GST Council, said an official release.
“In May 2019 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 look and feel of the offline tool would be the same as that of the online portal. Taxpayers may be aware that 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),” the release said.
“Between July to September 2019 (for three months), the new return system (ANX-1 & ANX-2 only) would be available for trial for taxpayers to make themselves familiar,” added the release.
Source: Deccan Chronicle
