https://www.taxtmi.com/news?id=21448 The Council approved a phased rollout of the new GST return system: Form GST ANX-1 will become mandatory with monthly filing for large taxpayers and quarterly filing for small taxpayers initially; Form GST ANX-2 will be viewable but inactive during transition. Large taxpayers will continue existing monthly filings for two months before filing a consolidated return; small taxpayers will transition to a payment challan form and later to the consolidated return. Form GSTR-3B will be phased out thereafter. The Council also extended filing deadlines for annual returns, ITC-04 job-work declarations, postponed the effective date of e-way bill blocking under Rule 138E, and extended the composition scheme intimation deadline. en-us Fri, 21 Jun 2019 20:27:42 +0530 Sat, 22 Jun 2019 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21448 The Council approved a phased rollout of the new GST return system: Form GST ANX-1 will become mandatory with monthly filing for large taxpayers and quarterly filing for small taxpayers initially; Form GST ANX-2 will be viewable but inactive during transition. Large taxpayers will continue existing monthly filings for two months before filing a consolidated return; small taxpayers will transition to a payment challan form and later to the consolidated return. Form GSTR-3B will be phased out thereafter. The Council also extended filing deadlines for annual returns, ITC-04 job-work declarations, postponed the effective date of e-way bill blocking under Rule 138E, and extended the composition scheme intimation deadline. News - Fri, 21 Jun 2019 20:27:42 +0530 https://www.taxtmi.com/news?id=21448