Jun 12, 2019
New GST return mechanism will be implemented in phases
The Finance Ministry on Tuesday unveiled a roadmap for the implementation of the new GST return mechanism. It has also put in place a transition mechanism. The new mechanism will be used on a trial basis from July to September. For the large taxpayers (those whose aggregate annual turnover in the previous fiscal was more than ?5 crore), Form GST ANX will replace GSTR 1 from October.