GST NEW RETURN FILING

GST NEW RETURN FILING – FEATURES AND FAQ’S

Various Types of GST New Return in GST 2.0 and who shall file which Return?

GST new return filing is going to be made live for all the taxpayers from April 2020. Currently the trial of GST new return filing is going on GST Portal. Some of the important points related to GST new return are given below : 

Type of Return in GST new return filingWhen to Select for filing What is required to filed Return Periodicity Returns Formats 
GST SAHAJ RETURN

 a) If the registered person is having aggregate turnover during previous FY upto Rs 5 Crores , and

b) He is making only B2C supplies or Inward supplies liable to RCM 

 

a) Tax to be paid monthly through PMT 08 for the first 2 months and third month while filing GST RET 2 (Sahaj)

b) Furnish invoice details continuously and file return quarterly

c) ITC on missed invoices cannot be claimed.

 QuarterlyGST RET 2
GST SUGAM RETURN 

 a) If the registered person is having aggregate turnover during previous FY upto Rs 5 Crores , and

b) He is making only B2C and B2B  supplies or Inward supplies liable to RCM 

 

a) Tax to be paid monthly through PMT 08 for the first 2 months and for the third month while filing GST RET 3 (Sugam)

b) Furnish invoice details continuously and file return quarterly

c) ITC on missed invoices cannot be claimed.

Quarterly

GST RET -3

QUARTERLY (NORMAL) GST RET 1

 a) If the registered person is having aggregate turnover during previous FY upto Rs 5 Crores , and

b) He is making all kinds of supplies including inward supplies liable to Reverse Charge.

a) Tax to be paid monthly through PMT 08 for the first 2 months and for the third month tax can be while filing GST RET 1 

b) Furnish invoice details continuously and file return quarterly

c) ITC on missed invoices can be claimed.

QuarterlyGST RET -1 

MONTHLY (NORMAL)

GST RET 1

 a) If the registered person is having aggregate turnover during previous FY more than  Rs 5 Crores and

b) He is making all kinds of supplies including inward supplies liable to Reverse Charge.

Pay Tax and file return on monthly basis in Form GST RET 1Monthly GST RET -1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Read Also : All about GST RET 1 

Return Frequency / periodicity in GST New return Filing 

The taxpayer can file the returns in GST new return filing either monthly or quarterly in the new system.Taxpayer whose aggregate turnover exceeds 5 crores in the previous FY shall file monthly return.

Taxpayers whose aggregate turnover is upto 5 Crores in the previous FY shall have an option to file return quarterly or monthly basis.The frequency can be changed from monthly to quarterly or vice versa through dashboard of GST Portal.

Return formats in GST New Return Filing

If the filing frequency is selected as quarterly , then taxpayer can change the return type or format as Quarterly Normal (GST RET 1) , Sahaj (GST Sahaj 2) , Sugam (GST RET 3) based on the types of transactions.

Taxpayers whose aggregate turnover is more than 5 Crores has  to file Monthly (Normal) Return GST RET 1.

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