New GST return system for taxpayers issued

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New Delhi: The GST Council in its 31st meeting had decided that a new GST return system will be introduced for taxpayers.

In order to ease the transition process, between July-September the new form would be available on trial basis for familiarisation.

The Goods and Services Tax Network had shared a prototype of the offline tool in May, 2019. The look and feel of the offline tool would be 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). From July, 2019, users would be able to upload invoices using the FORM GST ANX-1 offline tool on trial basis for familiarisation.

They would also be able to view and download, the inward supply of invoices using the FORM GST ANX-2 offline tool under the trial program.

The summary of inward supply invoices would also be available for view on the common portal online. They would also be able to import their purchase register in the offline tool and match it with the downloaded inward supply invoices to find mismatches from August 2019.

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