Simplified GST Returns Forms: Normal (RET 1), Sahaj (RET 2), Sugam (RET 3)

Simplified GST Returns Forms: Normal (RET 1), Sahaj (RET 2), Sugam (RET 3)

CBIC has uploaded the amended/ simplified GST Return forms on the GST Portal, i.e. Normal (RET 1), Sahaj (RET 2) and Sugam (RET 3), which are likely to be applicable from 1 July 2019 (2nd quarter of FY 2019-20), in view of the fact that CBIC has already notified the existing GST return forms for the first quarter of FY 2019-20.

Normal Return – FORM GST RET-1 (Monthly/ Quarterly)

Taxpayer shall be able to declare all types of outward supplies, inward supplies and take credit on missing invoices. Normal Return in Form GST RET 1 can be filed monthly or quarterly (i.e. Monthly Normal/ Quarterly Normal) as may be opted for.

Monthly/ Quarterly Normal Return: Form GST RET 1 (Amended 11 March 2019)

Sahaj Return – FORM GST RET-2 ( Quarterly)

Taxpayer shall be able to declare Outward supply under B2C category and inward supplies attracting reverse charge only. Sahaj Return in Form GST RET 2 can be filed Quarterly only.

Quarterly Sahaj Return: Form GST RET 2 (Amended 11 March 2019)

Sugam Return – FORM GST RET-3 ( Quarterly)

Taxpayer shall be able to declare the Outward supply under B2C and B2B category and inward supplies attracting reverse charge only. However, he shall not be allowed to take credit on missing invoices and shall not be allowed to make any other type of inward or outward supplies.

Quarterly Sugam Return: Form GST RET 3 (Amended 11 March 2019)

Related Posts:

New GST Return System: Final Transition Plan of CBIC (dt. 11 June 2019)

Key Recommendations of 31st GST Council Meeting (dt. 22 Dec. 2018)

CBIC issues Draft of ‘Simplified Formats of GST Returns’, as approved by GST Council (dt.30 July 2018)

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