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New GST Return Forms

Updated on September 17th, 2019 in GST , GST Return

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.

 

 

1) What are the different types of GST Returns?

Currently, there are 3 types of New GST Returns

 

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


FORM GST RET-2


FORM GST RET-3

Monthly/Quarterly return


Quarterly return


Quarterly return

4.

FORM GST ANX-1A

Amendment form for GST ANX-1

5.

FORM GST RET- 1A


FORM GST RET- 2A


FORM GST RET- 3A





Amendment form

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/

New GST Return Form

 

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.

New GST Return Form

 

Step-3: Once you select Offline Tools for New Return you will be redirected to a new page showing New GST Return offline tool.

New GST Return Form

 

Step-4: At the end of this page you will find Proceed to download offline utility button.

New GST Return Form

 

Step-5: After clicking on this button a new page will open showing the use, important notes and system requirements along with the Download button.

New GST Return Form

 

Step-6: Click on the Download button to use the GST New Return Offline utility.

New GST Return Form