The GST Council decided that a new GST return system will be put in place to help taxpayers. To ease the transition to a new return system, a transition plan has been worked out.
In May 2019
A model of the offline tool has just been shared on the portal to give the look and feel of the device to the clients. The offline tool would be the same as that of the online tool. The citizens might know that there are three primary parts to the new return – one principle return (FORM GST RET-1) and two annexures (FORM GST ANX-1 and FORM GST ANX-2).
From July 2019
Clients would most likely upload invoices using the FORM GST ANX-1 offline device for acquaintance. Further, clients would able to see and download the internal supply of invoices utilising the FORM GST ANX-2 offline tool under the pilot program.
The outline of the internal supply of invoices would be accessible for view on the regular portal on the web. Taxpayers can import their purchase register in the offline tool and match it with the downloaded internal supply of invoices to discover befuddles from August 2019.
Between July to September 2019 (for three months)
The new return system (ANX-1 and ANX-2) will be accessible to the citizens in order to adapt to the tool. This pilot would not affect on the back end of the tax liability or input tax credit of the citizen.
In this period, the taxpayers will keep on fulfilling their compliances by filing FORM GSTR-1 and FORM GSTR-3B. This means the citizens would keep on recording their outward supply details in FORM GSTR-1 on a monthly or quarterly basis and return in FORM GSTR-3B every month. Non-filing of these returns will call for penal provisions under the GST Act.
From October 2019 Onwards
FORM GST ANX-1 will be mandatory and FORM GSTR-1 would be replaced by FORM GST ANX-1. The large taxpayers (those with a total yearly turnover in the past financial year were over Rs 5 crore) would upload their monthly FORM GST ANX-1 from October 2019 onwards.
However, the first quarterly FORM GST ANX-1 to be uploaded by small taxpayers (those with a total yearly turnover of up to Rs 5 crore) is in January 2020 for the quarter October to December 2019.
It might be noticed that invoices can be uploaded in FORM GST ANX-1 consistently both by large and small taxpayers from October 2019 onwards. GST ANX-2 can be viewed at the same time during this period; however, no activity will be permitted on such FORM GST ANX-2.
For October and November 2019
The large taxpayers will continue to file FORM GSTR-3B every month. They need to file their first FORM GST RET-01 for December 2019 by 20 January 2020.
From October 2019
The small taxpayers will stop filing FORM GSTR-3B and will start filing FORM GST PMT-08 from this period onwards. They will file their first FORM GST-RET-01 for the quarter of October 2019 to December 2019 from 20 January 2020.
From January 2020 Onwards
All taxpayers shall be filing FORM GST RET-01 and FORM GSTR-3B shall be completely phased out.
Note: Separate directions shall be issued for filing and processing of refund applications between October and December 2019.