The government on Tuesday announced that the new and simplified Goods and Services Tax (GST) return forms will roll-out from April 1. To ease the filing process, the GST Council this year agreed to launch new forms with simplified steps to file indirect tax returns.
The newly-appointed Revenue Secretary Ajay Bhushan Pandey, also the CEO of UIDAI, said that the government is targeting April 1 for the roll-out of new GST return forms. Until the new forms are roll-out, businesses will be required to continue filing GSTR-1 and GSTR-3B.
Under the new GST form design, columns asking questions, which many small taxpayers found difficult, have been done away with. The new forms will work on the concept of Upload-Lock-Pay.
Here’s how the system will work:
In July, the GST council approved the new and simplified returns filing format. In September, GST Network (GSTN) asked software vendor Infosys to design new forms for filing returns by traders.