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News GST

  • 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.