Future GST Returns : Normal, Sahaj and Sugam


   

Future GST Returns : Normal, Sahaj and Sugam

We all know that proposed format of Future GST Returns, named as Normal, Sahaj and Sugam have been released by CBIC. These new forms would begin on pilot basis from 1st April 2019 and would be mandated from July 2019 onwards.

The taxpayers with turnover of upto Rs. 5 Crs and who are opting to file quarterly returns can choose to file any of the Quarterly Return i.e. Sahaj, Sugam or normal Quarterly Return.

You May Also Refer : New GST Return format Normal, Sahaj & Sugam released by GSTN

Future GST Returns : Normal, Sahaj and Sugam

Normal Return or Form GST Ret-1 can be monthly or quarterly return [As the case may be]

Tax payer opting to file Normal Return or Form GST Ret-1 shall be able to declare all types of outward supplies, inward supplies and take credit on missing invoices.

Sahaj Return or Form GST Ret-2 [Quarterly Return]

Tax payer opting to file Sahaj Return or Form GST Ret-2 shall be able to declare Outward supply under B2C category and inward supplies attracting reverse charge only.

Taxpayer opting to file Sahaj Return or Form GST Ret-2 shall not be able to take credit on missing invoices and shall not be allowed to make any other type of inward or outward supplies.

You May Also Refer : All About GST Return Sahaj or GSTR Sahaj

Sugam Return or Form GST Ret-3 [Quarterly Return]

Tax payer opting to file Sugam Return or Form GST Ret-3 shall be able to declare Outward supply under B2B and B2C category and inward supplies attracting reverse charge only.

Taxpayer opting to file Sugam Return or Form GST Ret-3 shall not be able to take credit on missing invoices and shall not be allowed to make any other type of inward or outward supplies.

You May Also Refer : All About GST Return Sugam or GSTR Sugam


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2 Comments

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  1. We are a regular Assesses filing GSTR 1 Return having Turnover 5 crore or more . We have filed GSTR 1 during 2017 -18 and 2018-2018 by mistakes . Now we want to rectify it . It is possible ? Please us .

    1. Sir, it depends on what mistake you have made
      3 types of common mistakes are:
      Declaring B2B as B2C
      Mistaking in declaring B2B
      Mistaking in availing ITC [after 31st March 19 no ITC for FY 17-18] will be rectified]

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