In line with the decisions of the GST Council in its 31st meeting, new return system under GST is proposed to be introduced and accordingly, a transitional plan has been worked out. It should be noted that a prototype of the offline tool for the new returns has already been shared on the GST Portal.
Highlights of this transitional plan are as follows:
Disclaimer:
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
Sign up for the Newsletter