GST New Returns and Amended Forms! Very Important
GST Website is preparing for the upcoming changes in the GST Returns. Now the GST Website has provide new tab for the latest GST Returns filing.
GST Portal is preparing to finish the technical glitch of all the tax payers.
What are the Offline Tools planned under New Return?
In the proposed system of new GST Return filing, a normal taxpayer would have to file FORM GST RET-1 (Normal) or FORM GST RET-2 (Sahaj) or FORM GST RET-3 (Sugam) on either monthly or quarterly basis. Annexure of supplies (GST ANX-1) and Annexure of Inward Supplies (GST ANX-2) will be filed as part of these returns. All the outward supplies will be detailed in GST ANX-1 while GST ANX-2 will contain details of inward supplies auto-populated mainly from the suppliers GST ANX-1. It will also contain details auto-populated from Form GSTR-5 and Form GSTR-6.
What is the purpose of Prototype?
While the actual Offline Tool of ANX-1 and ANX-2 are being designed for taking feedback on use of Offline Tool of New returns and suggestions from users to provide matching facility with taxpayer’s purchase register to find out mismatches of invoices not uploaded or incorrectly uploaded by suppliers, it was thought valuable to run it again as a Prototype to get feedback on user interface and functionalities to enable us to deliver the best suited product.
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GST Portal is preparing to finish the technical glitch of all the tax payers.
What are the Offline Tools planned under New Return?
In the proposed system of new GST Return filing, a normal taxpayer would have to file FORM GST RET-1 (Normal) or FORM GST RET-2 (Sahaj) or FORM GST RET-3 (Sugam) on either monthly or quarterly basis. Annexure of supplies (GST ANX-1) and Annexure of Inward Supplies (GST ANX-2) will be filed as part of these returns. All the outward supplies will be detailed in GST ANX-1 while GST ANX-2 will contain details of inward supplies auto-populated mainly from the suppliers GST ANX-1. It will also contain details auto-populated from Form GSTR-5 and Form GSTR-6.
What is the purpose of Prototype?
While the actual Offline Tool of ANX-1 and ANX-2 are being designed for taking feedback on use of Offline Tool of New returns and suggestions from users to provide matching facility with taxpayer’s purchase register to find out mismatches of invoices not uploaded or incorrectly uploaded by suppliers, it was thought valuable to run it again as a Prototype to get feedback on user interface and functionalities to enable us to deliver the best suited product.
Buy this great book for your business
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