New return filing procedure will be as under:
1. NIL return filers and composition filers will file quarterly returns
2. New return filing procedure will be implemented from 1st October 2018.
3.Single return will filed for a month
4. B2B transactions will be reported invoice wise and HSN code 4 digit
5.Provisional credit will be allowed for 6 months.
6.Deviation will be communicated to the buyer
7.After 6 months from the implementation of new return no provisional credit.
8. ITC will be autopopulated no manual intervention
9. Right to ITC will be available only on uploaded invoices.
10. First seller will scrutinized by the department . In case they are unable to catch the seller then Buyer will have to pay