New GST Return format Normal, Sahaj & Sugam released by GSTN

Posted on 09-03-2019:

New GST Return format Normal, Sahaj & Sugam released by GSTN: 

The Goods and Service Tax Network (GSTN) has released the New GST Return Format.  New GST Return Format will be made effective on Trial Basis from April 01, 2019 and will be mandatory from July 01, 2019. The New Return Format can be access from Download Section of GST.

New Return Format issued by Goods and Service Tax Network (GSTN) are 

New GST Return – Normal, 

New GST Return – Sahaj,
New GST Return – Sugam.

Few Features of New GST Returns are given below: 

• Periodicity of filing return will be deemed to be monthly for all taxpayers unless quarterly filing of the return is opted for. 
• For newly registered taxpayers, turnover will be considered as zero and hence they will have the option to file monthly, Sahaj, Sugam or Quarterly (Normal) return.
• Change in periodicity of the return filing (from quarterly to monthly and vice versa) would be allowed only once at the time of filing the first return by a taxpayer. 
• The periodicity of the return filing will remain unchanged during the next financial year unless changed before filing the first return of that year. 
• The taxpayers opting to file quarterly return can choose to file any of the quarterly return namely – Sahaj, Sugam or Quarterly (Normal). 
• Taxpayers filing return as Quarterly (Normal) can switch over to Sugam or Sahaj return and taxpayers filing return as Sugam can switch over to Sahaj return only once in a financial year at the beginning of any quarter. 
• Taxpayers filing return as Sahaj can switch over to Sugam or Quarterly (Normal) return and taxpayers filing return as Sugam can switch over to Quarterly (Normal) return more than once in a financial year at the beginning of any quarter. 
• Taxpayers opting to file quarterly return as ‘Sahaj’ shall be allowed to declare outward supply under B2C category and inward supplies attracting reverse charge only. Such taxpayers cannot make supplies through e-commerce operators on which tax is required to be collected under section 52. Such tax payers shall not take credit on missing invoices and shall not be allowed to make any other type of inward or outward supplies. However, such taxpayers may make Nil rated, exempted or Non-GST supplies which need not be declared in the said return. 
• Taxpayers opting to file quarterly return as ‘Sugam’ shall be allowed to declare outward supply under B2C and B2B category and inward supplies attracting reverse charge only. Such taxpayers cannot make supplies through e-commerce operators on which tax is required to be collected under section 52. Such tax payers shall not take credit on missing invoices and shall not be allowed to make any other type of inward or outward supplies. However, such taxpayers may make Nil rated, exempted or Non-GST supplies which need not be declared in said return. 
• Taxpayers opting to file monthly return or Quarterly (Normal) return shall be able to declare all types of outward supplies, inward supplies and take credit on missing invoices.