India's Central Board of Indirect Taxes & Customs has issued a release on the simplification of the GST return requirements approved During the 28th meeting of the GST Council held 21 July 2018. The two main changes include:
- The introduction of a single monthly return for all taxpayers, with a few exceptions, that includes two main tables:
- A table for reporting outward suppliers; and
- A table for claiming input tax credit based on invoices uploaded by suppliers, which can be uploaded co…