New GST Return Forms

Team Masters India at April 27, 2022

The CBIC along with GST Portal has introduced the proposed GSTR forms. If the news has to be believed the new GST Return Form will come into effect from 2nd quarter of F.Y. 2019-20.

Table of Contents

What are the different types of GST Returns?
What is the process of switching New GST Returns?
New GST Return Summarized Presentation
New GST Return Forms and Annexure
Return Prototype Functionality
Guide to Download New GST Return Form offline utility

1) What are the different types of GST Returns?

Currently, there are 3 types of New GST Returns

GST RET-1 (Normal)
GST RET-2 (SAHAJ)
GST RET-3 (SUGAM)

2) What is the process of switching New GST Returns?

The new GST Returns can be switched by the taxpayer in the following manner:

The taxpayer can switch from GST RET-1 to GST RET-2/GST RET-3 only once in an F.Y. at the beginning of any quarter
From GST RET-3 to GST RET-2 can also be switched once in an FY at the beginning of any quarter
From GST RET-2 (SAHAJ) to GST RET-1/GST RET-3 can be switched by the taxpayer more than once in an FY at the beginning of any quarter
From GST RET-3 (SUGAM) to GST RET-1 (Normal) more than once in an FY at the beginning of any quarter

3) New GST Return Summarized Presentation

S. No.	Particulars	Normal (GST RET-1)	SAHAJ (GST RET-2)	SUGAM (GST RET-3)
1	Return Period	Quarterly/Monthly	Quarterly	Quarterly
2	Aggregate Turnover	Applicable on the person who has more than 5 Crore INR aggregate turnover	Up to 5 Crore INR Optional	Up to 5 Crore INR Optional
3	Type of Outward Supply
	B2B	Yes	No	Yes
	B2C	Yes	Yes	Yes
	Exports	Yes	No	No
	SEZ units	Yes	No	No
	Deemed Exports	Yes	No	No
	Supply to E-Com Operators	Yes	No	No
	Nil Rated, Exempted or Non-GST	Yes	Yes (without declaration)	Yes (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	Yes	No	No
6	ISD Credits	Yes	No	No
7	HSN Code	In case if the turnover is more than 5 Crores INR in case of exports, imports and SEZ supplies it is mandatory, otherwise it is optional	Mentioning HSN Code is Optional	Stating HSN Code is Optional
8	NIL Return by SMS	Yes	Yes	Yes

4) New GST Return Forms and Annexure

S. No.	Name	Description
1	FORM GST ANX-1	Annexure Form stating sale and purchase attracting reverse charge
2	FORM GST ANX-2	Purchase Annexure
3	FORM GST RET-1	Monthly/Quarterly return

	FORM GST RET-2	Quarterly return

	FORM GST RET-3	Quarterly return
4	FORM GST ANX-1A	Amendment form for GST ANX-1
5	FORM GST RET- 1A	Amendment form

	FORM GST RET- 2A

	FORM GST RET- 3A
6	FORM GST PMT-08	Form to make self-assessed payment

5) Return Prototype Functionality

GST Portal has introduced a prototype for New GST Returns. The main motive behind the introduction of this functionality is to help the taxpayer and consultants in learning and experiencing the New GST Return form. The taxpayer can also giver their feedbacks regarding the same on the GST Portal. It shall be noted that the New GST Return form prototype does not make any arithmetic computations but is only for the walk through.

6) Guide to Download New GST Return Form offline utility

Step-1: Open the GST Portal https://www.gst.gov.in/

Step-2: Click on the New Return Trial Menu available on the right-hand side of the menu-bar. Select Offline Tools for New Return from the drop-down bar.