Seminar on GST new returns format

August 2019

Date and location: 04th, 06th & 09th of September 2019, L&S Gurgaon
Date and location: 10th & 12th of September 2019, L&S New Delhi (Jangpura)
Time: - 3:00 pm to 6:00 pm
The GST Council in its 31st meeting had decided that a new GST return system will be introduced to facilitate taxpayers. Recently, Goods and Services Tax Network (GSTN) on July 30 released trial version of offline tools of GST new return formats. The offline tools have been released for Annexure of supplies (GST ANX-1) and Annexure of Inward Supplies (GST ANX-2).
Under the proposed GST Return filing system, a taxpayer would have to file FORM GST RET-1 (Normal) or FORM GST RET-2 (Sahaj) or FORM GST RET-3 (Sugam).
The broad features of the new return system include single monthly return, unidirectional flow of return, real-time-continuous uploading of invoices by supplier and viewing by recipient, HSN/SAC code wise uploading of data, no automatic reversal of credit on non-payment of tax by the supplier etc.
To discuss the nuance of new returns formats and other things, Lakshmikumaran & Sridharan is conducting a seminar on the following topics:
New Return Format
  • Overview of New Return Format
  • Overview of new matching concept
  • Changes in business processes and software required
  • Changes in PO/Contracts
  • Reporting of various business transactions in new return format

Latest Rulings
  • Discussion and impact of latest High Court decisions
  • Discussion and impact of latest AAR / AAAR rulings

Brief Overview of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019