“From October, 2019 onwards, Form GST ANX-1 (outward supply details) shall be made compulsory and Form GSTR-1 would be replaced by Form GST ANX-1,”
The large taxpayers (with aggregate annual turnover over Rs 5 crore in the previous financial year) would upload their monthly Form GST ANX-1 from October, 2019 onwards.
large taxpayers would continue to file GSTR-3B on monthly basis for October and November and they would file their first Form GST RET-01, the final return, for December, 2019 by January 20, 2020.
Under the current return filing system, GST registered businesses file summary sales return GSTR-3B every month and pay taxes. They also file monthly outward supply details in GSTR-1, while the initially proposed GST returns, GSTR-2 and GSTR-3, were never out.
In the new return filing system, GSTR-3B would be replaced by GST RET-1 and GSTR-1 by GST ANX-1. Annexure of outward supplies (ANX-1) and Annexure of Inward Supplies (ANX-2) will be filed as part of these returns. All the outward supplies will be detailed in GST ANX-1 while GST ANX-2 will contain details of inward supplies auto-populated mainly from the suppliers’ GST ANX-1.
From January 2020, all businesses would shift to new return filing system with entities above Rs 5 crore turnover filing GST RET-1, GST ANX-1 and GST ANX-2. Those with turnover below Rs 5 crore in the previous financial year would have to file GST PMT-08, GST RET-01. As per the transition plan, from July, 2019, users would be able to upload invoices using the Form GST ANX-1 offline tool on trial basis for familiarisation.