GSTN releases revised return forms to make the compliance process simpler

New Delhi, Mar 9 (KNN) The Goods and Service Tax Network (GSTN) has released the revised return forms, which would be made effective on trial basis from April 1, 2019 and would be mandated across the country from July, according to the decisions of the GST Council.

The new return formats named Normal, Sahaj and Sugam, would make the compliance process simpler for the smallest of businesses wherein taxpayers up to a turnover of Rs 5 crore would have an option to file any of the three forms.

This is to enable various stakeholders in adapting their systems to make them compatible with the proposed return format and business processes.

The new return format can be access from download section of GST.  (KNN/YV)