In the 31st GST Council Meeting, it was decided that a New Return System under GST would be introduced for taxpayers. The main aim of the new return system is to simplify the filing process for taxpayers registered under GST.
The Central Board of Indirect Taxes and Customs has released the proposed GST Returns forms. It is expected that the new GST returns forms – Normal, Sahaj and Sugam, shall be applicable from 1 April 2020.
In Union Budget2020, Nirmala Sitharaman, finance Minister has reiterated that new simplified GST returns will be implemented from 1 April 2020.