GST Council has decided to make changes in Return filing process in its GST Council Meeting on and decided to replace GSTR3B and GSTR1 forms with New GST forms NORMAL,SAHAJ, SUGAM
Here we will discuss complete details about these forms like
- What are the new GST forms and which Return form to be chosen by which business,
- When are they likely to be introduced,
- What is new GST payment declaration form and
- How is new GST Forms and procedure different from existing procedures.
You can also download copy of these forms in PDF and excel for reference
What are New GST Return Forms?
Currently GSTR3B and GSTR1 are to be filed by taxpayers
This will be soon replaced by 3 New GST Returns
- GST NORMAL RETURN (MONTHLY/QUATERLY)
- GST SAHAJ RETURN
- GST SUGAM RETURN
These forms will have full details of Output, Input and Payable unlike existing forms
Whether Returns to be Filed Monthly or Quarterly
Those having turnover more than 5 Crores have to file Normal(Monthly) Returns
However, those having turnover upto 5 crores can chose Normal (Monthly /Quarterly)Returns
Note:-Last year turnover is to be taken .However for new business, likely turnover of current year is to be taken to determine whether turnover is monthly or quarterly
Which Scheme to be chosen and Which form to be filled ?
If Turnover more than 5 crores,
it is compulsory to select GST Normal (Monthly) Return Form (RET-1)
If Turnover upto 5 Crores, there are 3 options
1.Business have only Retail Sales (Sales to Unregistered Persons)
- He should select Sahaj Return Form (RET-2)
- Example Restaurants and Retail Shops
2.Business have sale to Registered Persons also (B2B Sales)
- He should select Sugam Return Form(RET-3)
- Examples Wholesalers, Distributors and Factories Selling In India
3.Business have Export Sales Also or Sales to Special Economic Zone
- He should Select Normal (Quaterly) Return Form(RET-1)
- Example Small Exporters or those selling to Special Economic Zone
When will this new return scheme Normal, SAHAJ and SUGAM Returns Forms be introduced
View AnswerIt is to be introduced by 1 st January 2019 1 st October 2019 for Quaterly Scheme and by 1 st December 2019 for monthly scheme
However, trial will start from 1 st December 2018 1 st July 2019
Till then Normal GST Forms (GSTR1 and GSTR3B) will continue
|
Turnover |
Months |
Current Return |
Form to be filed |
|
Upto 1.5 crore |
Oct-19 |
GSTR 1 (Quaterly) |
|
| Oct-19 |
GSTR 3B |
GST PMT 08 |
|
|
Nov-19 |
GSTR 1 (Quaterly) |
|
|
| Nov-19 |
GSTR 3B |
GST PMT 08 |
|
|
Dec-19 |
GSTR 1 (Quaterly) |
|
|
| Dec-19 |
GSTR 3B |
GST RET 1(Quaterly) |
|
|
1.5 crore to 5 crore |
Oct-19 |
GSTR 1(Monthly) |
|
| Oct-19 |
GSTR 3B |
GST PMT 08 |
|
|
Nov-19 |
GSTR 1(Monthly) |
||
| Nov-19 |
GSTR 3B |
GST PMT 08 |
|
|
Dec-19 |
GSTR 1(Monthly) |
||
| Dec-19 |
GSTR 3B |
GST RET 1 (Quaterly) |
|
|
more than 5 crore |
Oct-19 |
GSTR 1 (Monthly) |
GST ANX - 1 |
| Oct-19 |
GSTR 3B |
GSTR 3B |
|
|
Nov-19 |
GSTR 1 (Monthly) |
GST ANX - 1 |
|
| Nov-19 |
GSTR 3B |
GSTR 3B |
|
|
Dec-19 |
GSTR 1 (Monthly) |
||
| Dec-19 |
GSTR 3B |
GST RET-1 (Monthly) |
|
What is Normal (Monthly/Quaterly) GST Return Form (RET-01)
View AnswerNormal Monthly Returns
These have to be filed by those business having turnover more than 5 crores
Also those having turnover upto 5 Crores but have chosen the monthly option have to file this return
Normal Quaterly Returns
These have to be filed by those business having turnover less than 5 crores
Normal Return (monthly/quarterly) contains details like:
- All types of sales
- Reverse charge Mechanism
- Exports
- E-Commerce
- Nil Rated,exempt etc.
Download GST Normal return (RET-01) Form
What is GST Sahaj Return Form(RET-02)
View AnswerThis is for those business making only B2C Sales (Business to Consumer Sales)
In these case, only total Sales amount will be mentioned (Separate for Different HSN Codes)
Also it will have details of Reverse Charge Purchases and ITC on Normal Purchases
Download GST Sahaj Form
What is GST Sugam Form (RET-03) ?
View AnswerThis is for those business who are making B2B Sales (Sales to Registered Persons)
It will also cover business having both B2B and B2C Sales
In this case,bill vise details of Sales to Registered Persons will have to be provided just like GSTR1
Also it will have details of Reverse Charge Purchases and ITC on Normal Purchases
Download GST Sugam Form
What is New GST Payment Procedure in GST-Form PMT-08
View AnswerThose business who are filing returns quarterly have to still pay tax on Monthly Basis
For paying this tax, there will be new format of Challan called Form PMT-08
This Form will be like a mini return having having details of Output,Input and Payable
Figures of Input will come from B2B Sales of Other Parties uploaded on GST portal
This will be used in the first 2 months of quarter
Self assessed tax to be paid by 20 th of next month
Download Form PMT-08
FORM PMT-08 – f rom Teachoo.pdf
Currently, Challan is to be paid mentioning only GST Payable figures(Output - Input)
In future, Payment Declaration Form will be like mini return having details of Output, Input and Payable
What are ANNEXURE -1 and ANNEXURE -2 to new GST Return forms Normal, Sahaj and Sugam?
| Normal Return | Sahaj return | Sugam Return | |
| (RET-01) | (RET-02) | (RET-03) | |
| Annexure 1 | Details of outward supplies,imports and inward supplies attracting reverse charge | Details of outward supplies and inward supplies attracting | Details of outward supplies and inward supplies attracting reverse charge |
| It contains 4 parts | It contains 3 parts | It contains 3 parts | |
| 1. GSTIN | 1. GSTIN | 1. GSTIN | |
| 2.Basic details of taxpayer | 2.Basic details of taxpayer | 2.Basic details of taxpayer | |
| 3.Details of outward supplies,imports and inward supplies attracting reverse charge | 3.Details of outward supplies and inward supplies attracting reverse charge | 3.Details of outward supplies and inward supplies attracting reverse charge | |
| 4. Details of supplies made through E-commerce companies liable for TCS | |||
| Annexure 2 | Details of auto drafted inward supplies | Details of auto drafted inward supplies | Details of auto drafted inward supplies |
| It contains 5 parts | It contains 4 parts | It contains 4 parts | |
| 1. GSTIN | 1. GSTIN | 1. GSTIN | |
| 2.Basic details of taxpayer | 2.Basic details of taxpayer | 2.Basic details of taxpayer | |
|
3.Details of inward supplies from -Registered person (other than Reverse charge) -Imports -Supplies received from SEZ units/developers on Bill of entry |
3.Details of inward supplies from -Registered person (other than Reverse charge) |
3.Details of inward supplies from -Registered person (other than Reverse charge) |
|
| 4.Summary of Input | 4.Summary of Input | 4.Summary of Input | |
| 5.ISD Credits received |
What is the Procedure for Upload,Lock and Pay?
View AnswerSuppose P make Sales to Q
In this case, P will upload his Sales mentioning Q’s GST Number
Q will check his return,if amount is matching he will lock it
On locking, Q can take input and use it to adjust his output and Pay balance
If not matching, he can reject it and modify it
In case it is not locked, it will be automatically treated as locked
What is the due date by which Invoices to be Locked?
View AnswerInvoice of One Month shall be uploaded by Seller by 10 th of Next month
Only then buyer will get input for that month
If uploaded late, buyer will get input next month
Example
P make Sales to Q in January 2019
This Invoice for Jan 2019 shall be uploaded by P by 10 th of Feb 2019
Only then Q can take input in January Return
If P uploads sales after 10 January, Q will get input in next month
(i.e February Return)
However,P will have have to pay Output in January return in both cases
SUMMARY
|
CURRENTLY |
IN FUTURE |
|
Separate Returns for Sales, Purchase and Payable |
Common Returns for Sales and Purchase |
|
GSTR3B Return and GSTR1 to be filed Remaining Suspended |
Normal, Sahaj and Sugam Returns to be filed |
|
Quarterly Returns if turnover upto 1.5 Crore |
Quarterly Returns if turnover upto 5 Crore |
|
B2B Invoice Details to be uploaded in GSTR1 Monthly Or Quarterly Depending upon turnover |
B2B Invoice Details to be uploaded in Annexure to Return Monthly |
|
Easy challan Format containing details of GST Payable only No Payment Declaration Forms |
Payment Declaration Form in First 2 Months of Quarter containing details of Output Input Payable
It is to be called Form PMT-08 |
You can practice these existing GST Return Forms at our
Get GST Practical Training by CA Maninder Singh - Register now
Download the full GST Return Formats with Annexures as provided by the government
