CBIC releases new GST return formats, lists features of 'monthly' & 'quarterly' returns

CBIC places new GST return formats in public domain, lists down the salient features thereof and business process for the information of trade and industry and other stakeholders, invites suggestions & feedback by August 31; Some of the key features of ‘monthly return’ include – (a) format with two main tables - one for reporting supplies on which tax liability arises and one for availing ITC, and return shall have annexure of invoices which shall auto-populate the ...