The Government has introduced 3 new GST Return Forms, named as Sahaj, Sugam, and Normal. These form divided into further forms named ANX-1, ANX-2, RET-1, RET-2, and RET-3. Taxpayers need to file these forms according to their applicability and turnover. Today we will tell you about the Format, Filing Procedure, Applicability, Switching Process and Due Date of these forms. Also, We have shared a link below to download the PDF format of the Sahaj, Sugam and Normal GST Return Forms.
Applicability:
If your turnover is more than 5 crores then you have to file Normal Form on a monthly basis and if your turnover is less than 5 crores then you can choose any of these three forms according to your supply and purchase transaction.
Sahaj and Sugam GST Form:
∙ Sahaj GST is the most simplified form among all three forms. You can opt this form if your supplies are only B2C, means if you deal with consumers directly you can choose this form. you can also show your Inward supplies which are attracting reverse charge in this form. You can not opt this form if you are dealing with e-commerce operators who are deducting TCS or if you do any exports and zero-rated supplies. There is one more thing to note in this form that you have to be dependent on the supplier for ITC, that means you can not take ITC for missing Invoices but allowed to make NIL-rated/ exempted/ non-GST supplies
∙ Sugam GST is also a simplified form same as sugam but this form has some advantages over Sahaj form. You can opt this form if you do B2B supplies with the other supplies like B2C and Inward supplies that attracts a reverse charge. Rest of the conditions are the same as Sahaj form in this form like you can not take credit of missing invoice in this form as well.
Normal GST Form:
If you want to take credit of missing Invoice or you make any other type of Inward or outward supply you have to opt Normal Quarterly form. In the normal GST form, you can take credit of missing Invoices as well.
GST Sahaj and Sugam Forms Pdf Download:
∙ Unlike GSTR 1, 2 & 3B there is a different type of forms named as Annexure 1, Annexure 2, RET 1, RET 2 and RET 3.
∙ Download Link: http://bit.ly/2Kp5hSi
File GST Sahaj and Sugam with Gen GST Software:
These forms will be available soon in our Gen GST Software. You can easily fill these three forms with our Gen GST Software.
You can download the Free Demo of Gen GST Software here: http://bit.ly/gengstsag
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New GST Return Forms - Sahaj, Sugam and Normal | Format, Filing Procedure & Applicability goods and services tax meaning in hindi | |
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| Education | Upload TimePublished on 10 Apr 2019 |
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