28th GST Council decisions on Returns

Following decisions were taken in the GST Council in its meeting held on 21.07.2018 regarding GST returns as per the press release issued by PIB. However these will be valid and effective only after relevant notifications are issued by CBIC and State GST departments.

1. All taxpayers excluding small taxpayers and a few exceptions like ISD etc. shall file one monthly return
2. Option of filing quarterly return with monthly payment of tax in a simplified return format by the small tax payers.
3. Taxpayers would have facility to create his profile based on nature of supplies made and received. The fields of information which a taxpayer would be shown and would be required to fill in the return would depend on his profile.
4. NIL return filers (no purchase and no sale) shall be given facility to file return by sending SMS. 
5. The new return design provides facility for amendment of invoice and also other details filed in the return. Amendment shall be carried out by filing of a return called amendment return. Payment would be allowed to be made through the amendment return as it will help save interest liability for the taxpayers.

For details click Source PIB GOI