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Under the New GST Return System, there will be one main return called the FORM GST RET-1 and two annexures i.e. FORM GST ANX-1 and FORM GST ANX-2. The return will have to be filed on a monthly basis, except for small taxpayers (taxpayers with a turnover up to Rs 5 crore) who can opt for the quarterly filing of returns.
14th March 2020*
The new GST return system will be implemented from October 2020.
The present return filing system (GSTR-1, 2A & 3B) will continue until September 2020.
*Subject to CBIC notification
FORM GST ANX-2 is an annexure to the main return FORM GST RET-1, and will have all the details of inward supplies, for the recipient of supplies to take action by either accepting or rejecting these documents, or marking them as pending, for action to be taken later. If the recipient accepts these documents, it means that the supplies reported in such documents by the suppliers in FORM GST ANX-1 are correct.
|Table No.||Name of the Table||Instructions|
|3A||Supplies received from registered persons including services received from SEZ units||The details in these tables will be auto-populated from the following tables of the supplier’s FORM GST ANX-1 return:
1. 3B – Supplies made to registered persons
2. 3E – Supplies to SEZ units/developers with payment of tax
3. 3F – Supplies to SEZ units/developers without payment of tax
4. 3G – Deemed exports
The recipient has the option to take action on the documents by either accepting, rejecting or marking them as pending.
|3B||Import of goods from SEZ units/developers on Bill of Entry|
|3C||Import of goods from overseas on Bill of Entry|
|4||Summary of the input tax credit||This will be the total figure of input tax credit for the return filing period, based on action taken by the recipient of supplies such as:
1. Total credit on all documents that have been rejected
2. Total credit on all documents that are kept pending
3. Total credit on all documents that have been accepted
|5||ISD credits received||This table is for reporting eligible input tax credit that has been received from an input service distributor. This needs to be entered document-wise.|