New Return Offline Tool (Beta) v0.3 – released on GSTN

With an aim to help taxpayers with the New Simplified Return System, a new beta version of the Offline Return Tool has been released on the GSTN portal.

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Exploring Taxpayer’s Profile in New Returns

Simplified GST Returns is expected to simplify indirect taxation for the taxpayers, and provide a boost to the economy in India.

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5 Key Changes Taxpayers need to be ready for in New Returns

Under the Simplified Returns regime, a taxpayers may notice the below-given 5 key changes in the return filing system

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GST ANX-2 Vs GSTR 2 – New Returns

As per the transition plan for simplified GST Returns released by the CBIC will witness following updates in the current GST return filing system:

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How to Fill GST ANX-1 in New Returns

The new return system is expected to be introduced, mandatorily, onto the current GST Returns system of India in the month of October, 2019.

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9 Action Points to Prepare You for New Returns

The CBIC has finally released the road map for Simplified GST returns implementation to ease the transition process.

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New Returns Deferred

The pilot for New Returns- Sahaj and Sugam, was to start from April 1, 2019 and the mandatory filing to start from July 2019.

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Wondering How New Returns can be Amended? Here are 5 Points to Note

It is a very famous saying that nothing is perfect. This saying goes very well when it comes to New returns.

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6 FAQs around New Returns

CBIC has released their transition plan for these return forms, until then here is everything you should know about New return forms.

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Comparative Analysis of New Main Return and Existing GSTR 1

Outward supplies are filed through GSTR 1 and the tax liability is discharged based on the summary provided in GSTR 3B for outward supplies and ITC claimed.

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28th GST Council Meeting on GST Return Simplification

In the previous GST council meeting, the principles and approach for return simplification had received a nod and a committee for finalising the return formats and process was formed. In the meeting today, the new return formats and process were approved.

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New Returns: Changes Expected and Comparative Analysis

The roll-out is expected to happen over a period of a year and many measures have been taken to reduce the burden on the taxpayers and ease out the filing process.

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