The New GST Return offline tool has been launched on a trial basis from July 2019. They have integrated and tested their software. The taxpayer has to use the latest technologies to overcome those issues.New GST returns have brought changes to the reporting of various particulars like using HSN codes, TDS, TCS for e-commerce operators and Advances received. To amend any specific value of a locked invoice, either a supplier will have to raise a debit/credit note, or a supplier can seek the help of the recipient in unlocking the invoice so that he will be able to make an amendment by filing an amendment return. An invoice uploaded by the supplier within the 10th of the following month will be visible continuously for the recipient. Complete GST filing & billing solution The whole plan has been rolled out by the Finance Minister, and the period from July to September has been finalised as a Trial period. Most of these details will be auto-drafted from the details uploaded by the suppliers in their GST ANX-1. These invoices will be available for availing ITC in the return which is filed by the recipient. & Implementation DateE-way Bill: Changes Introduced In The New Return System Under GSTInvoice Management Under the New GST Returns : Viewing, Locking, Pending, MissingNew GST Return Anx-2 Matching Tool: How To Use The Matching ToolHow to prepare FORM GST ANX-1 Offline using the prototype ANX-1 Offline ToolSteps to Take Action in GST ANX-2 using the GST New Return Offline ToolFORM GST RET-1A – Amendment Return To FORM GST RET-1New GST Returns – Overview, Important Changes, ITC, Amendments, Offline ToolAdvantages/Disadvantages of the Simplified Return FormsTransition Plan to the New GST Return by the Ministry of FinanceGSTN releases the New Return Prototype – demoofflinetool.gst.gov.in Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.Get diverse set of perspectives from our trusted experts on Portfolio, Banking, Economy, Environment and others.Experience cleaner site with zero ads and faster load times.Customize your preference and get a personalized recommendation of stories based on your interest.The popular video-calling app now features zestful filters, noise cancellation and more quality controls The latest gaming phone from the Taiwanese gadget giant blends powerful gaming experience with superior ... 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To make the task of rejecting invoices hassle-free, the matching IT tool will have the option to create a recipient/seller master list via which the correct GSTIN can be identified.Availing of ITC will depend on uploading of invoices or debit notes by the supplier, within the stipulated time frame. In May 2019, it made available the prototype of new return offline tool for taxpayers. File Income tax returns for free in 7 minutes As per the decision taken at the 39th GST Council Meeting, the revised date for implementing the new GST return system is 1 st October 2020. The Offline tool … Besides, the GST portal’s capacity to accept returns would be enhanced to a near double level. Comparison of new GST returns with old/present returns for various refund types under GST. ClearTax offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. The trial phase will be for users to familiarise themselves with the annexure forms of the new return system. This return will contain two annexure forms namely GST ANX-1 and GST ANX-2. All liability payable – - Outward … Users can learn how to take action in FORM GST ANX-2 offline tool.FORM GST RET-1A - Taxpayers can amend their returns under the New Return System. Comparison Analysis Quarterly vs Monthly GST Returns.E-invoicing or electronic invoicing is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal.