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New gst return

arvind kumar (69 Points)

04 November 2019

what is GSTR-SAHAJ,SUGAM & SARAL? WHAT is ANX-1 & 2?

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Surjeet Negi (947 Points)
Replied 05 November 2019

Introduction to New GST Forms:

The Central Board of Indirect Taxes and Customs has released the proposed GST Returns forms. It is expected that the new GST returns forms - Normal, Sahaj and Sugam, shall be made applicable from the second quarter of Financial Year 2019-20 and for the first quarter the existing return forms, i.e., GSTR-3B and GSTR-1 would continue to apply.

Which GST return a tax-payer shall opt for:

Taxpayers who opt to file returns on monthly or quarterly (GST RET-1) basis would be eligible to take credit of missing invoices. However, the credit of missing invoices shall not be available in case taxpayers opts to file Sahaj (GST RET-2) or Sugam (GST RET-3).

The taxpayers can switch their returns in the following manner:-

♦ From Quarterly (Normal) to Sugam or Sahaj only once in a financial year at the beginning of any quarter

♦ From Sugam to Sahaj only once in a financial year at the beginning of any quarter

♦ From Sahaj to Quarterly (Normal) or Sugam more than once in a financial year at the beginning of any quarter

♦ From Sugam to Quarterly (Normal) more than once in a financial year at the beginning of any quarter