GST NEW RETURN
Below is the summarized presentation of New GST Return Forms:-
S. No. |
Particulars |
Normal |
Sahaj |
Sugam |
1. |
Periodicity of Return |
Quarterly or monthly |
Quarterly |
Quarterly |
2. |
Aggregate Turnover |
More than 5 Crore-mandatory, Up to 5 Crore -optional |
Up to 5 Crore-Optional |
Up to 5 Crore- Optional |
3. |
Type of Outward Supply |
|
||
|
-B2B |
Yes |
No |
Yes |
|
-B2C |
Yes |
Yes |
Yes |
|
-Exports |
Yes |
No |
No |
|
-SEZ units/developers |
Yes |
No |
No |
|
-Deemed Exports |
Yes |
No |
No |
|
-Supply to E-Commerce Operators |
Yes |
No |
No |
|
-Nil Rated, Exempted or Non-GST |
Yes |
Yes(even without declaration) |
Yes(even without declaration) |
4. |
Type of Inward Supply |
|
||
|
-RCM |
Yes |
Yes |
Yes |
|
-Import of Services |
Yes |
No |
No |
|
-Import of Goods |
Yes |
No |
No |
|
-Import of Goods from SEZ |
Yes |
No |
No |
5. |
The credit of Missing Invoices Available |
Yes |
No |
No |
6. |
ISD Credits Received |
Yes |
No |
No |
7. |
HSN Code (6 Digits) on the basis of Annual Aggregate Turnover |
T/o > 5 crores, in relation to exports, imports and SEZ supplies, mandatory; T/o <5 crore or equals to 5 crores then optional. |
Optional |
Optional |
8. |
NIL Return by SMS |
Yes |
Yes |
Yes |
Structure of New GST Return:
S.No.
|
Name |
Description |
1. |
FORM GST ANX-1 |
Annexure of outward supplies and inward supplies attracting reverse charge |
2. |
FORM GST ANX-2 |
Annexure of inward supplies
|
3. |
FORM GST RET-01/02/03
|
Monthly/Quarterly return |
4. |
FORM GST ANX- 1A
|
Amendment to FORM GST ANX-1
|
5. |
FORM GST RET-1A/2A/3A
|
Amendment to FORM GST RET-01/02/03
|
6. |
FORM GST PMT-08 |
Payment of Self-assessed tax |
The taxpayer firstly needs to upload details of outward supplies in FORM GST ANX-1 and take action on the inward supplies auto-populated in FORM GST ANX-2. After that, the taxpayer shall file the main return in FORM GST RET-1/2/3 in which some data will be auto-populated from FORM GST ANX-1 and FORM GST ANX-2 and some data need to be manually entered by the taxpayer.