GST return and due date- Key Points-35th GST council meeting

Introduced New Return System:- The new return system FORM GST ANX-1 & FORM GST ANX-2 to be available for trial basis from July, 2019 to Sep, 2019, in between taxpayers to continue to file FORM GSTR-1 & FORM GSTR-3B.

FORM GST ANX-1 to be filed compulsory from October, 2019 onwards for all taxpayers.

Large Taxpayers:- Taxpayers having aggregate turnover of more than Rs. 5 cr. in previous year to file FORM GST ANX-1 on monthly basis and continue to file FORM GSTR-3B on for October and November, 2019 thereafter will file first FORM GST RET-01 for December, 2019 in January, 2020.

Small Taxpayers:-  Taxpayers having turnover of upto Rs. 5 Crores in previous financial year to file first FORM GST ANX-1 & FORM GST RET-01 for the quarter October, 2019 to December, 2019 in January, 2020;

FORM GSTR-3B to be completely phased out from January, 2020 onwards,

The due date of furnishing of FORM GSTR-9, FORM GSTR-9A & FORM GSTR-9C, for the financial year 2017-18 to be extended till 31.08.2019.

Blocking of e-way bills for non-filing of returns for two consecutive tax periods, to be brought into effect from 21.08.2019, instead of the earlier notified date of 21.06.2019