The Government is trying hard to make GST Returns related compliances simple so that small taxpayers easily abide them. Therefore, considering this in mind the government has introduced new GST Returns namely GST Sahaj, Sugam and Normal Return.
In this article, we are going to discuss NEW GST Return Sahaj
GST Sahaj return is one-page summarized GST Return. The government has proposed GST Sahaj Return to simplify GST compliance for the small taxpayer. The government is planning to launch Sahaj Return in April 2019.
Taxpayers who have a turnover of Rs.5 crores or less in the last financial year. Moreover, the taxpayer shall be performing the B2C supplies can file GST Sahaj Return. But, the taxpayer shall keep this in mind that tax payments will be done on a monthly basis.
Here are the eligibility criteria to file Sahaj GST Return
Sahaj GST Returns has the following components
Under these new returns, the recipient of such small taxpayer can claim Input Tax Credit once the invoice gets uploaded by the small taxpayers. Hence, taking this into consideration the small taxpayers will get an online facility to upload invoices on a regular basis.
Moreover, the ITC can be claimed by the recipient in the relevant month on the invoices that are uploaded by the 10th of the following month.
A taxpayer is required to file this return quarterly, however, he has to pay tax on a monthly basis.
Points to Remember
Draft format GSTR Sahaj Return
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