How return will be filed by the taxpayer under New GST Return System

1. Uploading details of supplies in FORM GST ANX-1 (Annexure of outward supplies and inward supplies attracting reverse charge).

2. Taking Acting on the document auto-populated in FORM GST ANX-2 (Annexure of inward supplies).

3. Information declared through FORM GST ANX-1 and FORM GST-ANX-2 shall be auto-populated in the main return.

  • GST RET-1(Normal) or
  • GST RET-2 (Sahaj) or
  • GST RET-3 (Sugam)

Difference between return

Normal (GST RET-1) Sahaj (GST RET-2) Sugam (GST RET-3)
Return Quarterly/monthly Quarterly Quarterly
Turnover limit for return >5 cr. mandatory

<5 cr. optional

Up to 5 cr. Optional Up to 5 cr. optional
Customer type All B2C B2B & B2C
Supply to e-commerce Yes No No
Zero-rated Supply Yes No No
Missing/pending invoice upload Yes No No
Declared capital input Yes No No
Need to Declared “Non-gst supply & Exempted supply” Yes No No
Nil Return by SMS Yes Yes Yes
HSN- base on turnover If >5cr. mandatory

If <5cr. optional

If ZERO rated supply=mandatory

Optional Optional
Declared Inward supply on which RCM apply Yes Yes Yes

Author Bio

More Under Goods and Services Tax

2 Comments

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

October 2020
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031