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
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.