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Hasina set to arrive in Delhi on September 5 trade and defence ties on talks table.This was creating multiple layers of to and fro of editing, therefore this feature is proposed to be done away with in the new system, GSTN officials said.

At present, supplier files GSTR-1, recipient views the invoices in GSTR-2, edits and sends them back. There would be only unidirectional flow of returns, with supplier uploading the invoices in ANX-1 and the recipient accepting or rejecting them in ANX-2. The GSTN has also proposed doing away with the facility to amend invoices by the buyer while filing returns. Under the new returns filing system, it is proposed that the taxpayer will file RET-1/2/3, will pay the auto-populated liability from ANX-1 by utilising cash and ITC (auto-populated through ANX-2) both. Other taxpayers with turnover below Rs 5 crore will need to file Sahaj return (B2C supplies) or Sugam return (B2C and B2B supplies) and their filing date would be the 25th of every month. Under the new returns filing system, these taxpayers would need to file RET-1 by the 20th of every month. As per the breakup of taxpayer base under GST, 7.06 per cent taxpayers have annual turnover over Rs 5 crore and contribute almost 85 per cent of the GST revenue.

Express invoice invoicing software 7.06