The Government has issued 7 Notifications, 5 Circulars and 1 Order on dated 28th June 2019 effecting various amendments in CGST Act and Rules made thereunder along with changes in certain formats of Returns, payment and Refund forms.
The new return system has been proposed to be implemented in a phased manner.
Taxpayers having an aggregate turnover of less than INR 5 crores in the previous year would be required to file the return as per the below schedule.
The new return system has been proposed to be implemented in a phased manner.
Taxpayers having aggregate turnover of more than INR 5 crores in previous year would be required to file the return as per the below schedule.
GST Council recommends extension of date for filing annual return and audit report to 31 August 2019. The Council also approves e-invoicing and prescribes the phases of implementation of new return system.
