GST return filing: These are the major changes in the process from July

As proposed by the  GST Council, a trial run of the new return filing mechanism called the GST 2.0 is expected to be launched starting July 2019. A full scale launch is likely to begin in a phased manner starting October 2019. Under the new return system there is one basic return and 2 annexures. FORM GST RET-1 this return form has details of the supplies made. To be filed monthly (Small taxp…