/GST network release a new version of tax returns

GST network release a new version of tax returns

The Goods and Services Tax Network has released trial version of New Returns Offline Tool of Form GST ANX-1, Form GST ANX-2 (with Matching Tool built in it) and a template for Purchase Register which will be used to import data of purchase register for matching. The new return system is significantly different from the current format with a focus on real-time upload and matching of invoices on a month to month basis.

The New Return Offline Tool has following main components:
Form GST ANX-1: for preparing outward supplies details by entering details for each document or by importing from an excel file. The template of excel sheet is also available along with the Tool;
Form GST ANX-2: for preparing inward supplies details by taking action on the auto-drafted version;
Matching Tool: for matching of data of GST ANX-2, downloaded from GST Portal with Purchase Register.

In view of this, The Federation of Telangana Chambers of Commerce and Industry ( FTCCI ) has organized a Workshop on “GST New Return Formats” today to educate stakeholders

Welcoming the experts, audience and participants Sri Karunendra S. Jasti, President, FTCCI said “ This workshop is of immense importance and help to various stakeholders in understanding and filing according to the new tax return version. The experts present today at this workshop will surely clear issues if any, on the new formats”

The event among others was attended by Sri S Thirumalai, Advisor , Ananthanarayanan, Chairman, GST and Customs Committee, FTCCI; Sri Karunendra S. Jasti, President, FTCCI; CA Irshad Mohammed, Partner- MIA & Associates ; Sri Ramakanth Inani Senior Vice President, FTCCI.

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