Transition plan to the new GST Return

Jun 12, 2019 | by Avantis RegTech Legal Research Team

The Central Board of Indirect Taxes and Customs (CBIC0 on June 11, 2019, has introduced a new GST return system to facilitate taxpayers:

Ø  Between July to September, 2019, the new return system would be available for trial for taxpayers to make themselves familiar. In this period, taxpayers shall continue to fulfil their compliances by filing FORM GSTR-1 and FORM GSTR-3B. Non-filing of these returns shall attract penal provisions under the GST Act.

Ø  From October, 2019 onwards, FORM GST ANX-1 will be made compulsory and FORM GSTR-1 would be replaced by FORM GST ANX-1. The large taxpayers would upload their monthly FORM GST ANX-1 from October, 2019 onwards. However, the first compulsory quarterly FORM GST ANX-1 to be uploaded by small taxpayers would be due only in January, 2020 for the quarter October to December, 2019.

Ø  It may be noted that invoices etc. can be uploaded in FORM GST ANX-1 on a continuous basis both by large and small taxpayers from October, 2019 onwards. FORM GST ANX- 2 may be viewed simultaneously during this period but no action will be allowed on such FORM GST ANX-2.

Ø  For October and November, 2019, large taxpayers would continue to file FORM GSTR-3B on monthly basis. They would file their first FORM GST RET-01 for the month of December, 2019 by January 20, 2020.

Ø  The small taxpayers would stop filing FORM GSTR-3B and would start filing FORM GST PMT-08 from October, 2019 onwards. They would file their first FORM GST-RET-01 for the quarter October, 2019 to December, 2019 from January 20, 2020.

Ø  From January, 2020 onwards, all taxpayers shall be filing FORM GST RET-01 and FORM GSTR-3B shall be completely phased out.

Separate instructions shall be issued for filing and processing of refund applications between October to December, 2019.


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