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GST council to introduce new GST return system

Date: 11 June 2019 Tags: Basics of Economics
  • Goods and Services Tax (GST) Council has decided to introduce new GST return system to facilitate taxpayers. It aims at easing transition to the new return system.
  • The prototype of this offline tool already has been shared on common portal to give the look and feel of the tool to the users.
  • The tool is the same as that of the online portal.  There are three main components to the new return (i) one main return (FORM GST RET-1) and (ii) two annexures (FORM GST ANX-1 and FORM GST ANX-2).