We All Know That The Interim Budget 2019 Has Made A Provision For New And Simplified GST Return System. This Will Make The GST Return Filing Mechanism Simpler And It Would Reduce The Compliance Burden For Small Taxpayers. The GST Department Has Recently Brought Out The New Return Prototype In The GST Portal Which Is Available Online And Offline. Now Let’s Discuss The Offline Utility.
The New Returns Consist Of 2 Types
1. For Monthly Filing – GST RET-1
2. For Quarterly Filing – GST RET-1 (NORMAL), GST RET -2 SAHAJ, GST RET-3 SUGAM
In The New Return System, The Taxpayers Are Required To File 2 Annexures
1. ANX-1 Outward Supplies
2. ANX-2 Inward Supplies
In The ANX -1 Outward Supplies, The Taxpayer Is Required To Fill The Following Details
- 3A- Supplies to unregistered persons/consumers(B2C)
- 3B- Supplies to registered persons (B2B)
- 3C & 3D- Exports with/without payment of tax (EXP)
- 3E & 3F- Supplies to SEZ with/without payment of tax (SEZ)
- 3G- Deemed exports (DE)
- Total Outward supplies (1 to 5)
- 3H- Inward supplies attracting reverse charge (RCM)
- 3I- Import of services (IMPS)
- 3J- Import of goods (IMPG)
- 3K- Import of goods from SEZ units/developers (IMPG SEZ)
- 3L – Missing documents(provisional credit availed)
- Total Liability excluding amendments, if any (6+7+8)
- 4 – Supplies made through e – commerce operators
- 3B.Amendment regular – registered persons(B2BA)
- 3B.Amendment(others) – registered persons(B2BAO)
- 3E & 3F.Amendment – Supplies to SEZ with/without payment of tax (SEZA)
- 3G.Amendment – Deemed exports(DEA)
- Total Liability including amendments, if any
GST ANX-2 – The GST ANX -2 Consist Of The Inward Supplies Of The Recipient Auto Populated From The Outward Supplies Of The Supplier As Given By Him In His ANX-1.The GST ANX-2 Contains The Same Details As Contained In GSTR 3B Inward Supplies .
ITC MATCHING MECHANISM
In This New Return System, The GST Dept Has Given Some Power To The Recipient Of Supplies To Accept Or Reject The Input Tax As Viewed In GST ANX-1 Uploaded By The Supplier.
To Facilitate This, GST Department Has Given To Main Tools for ITC Matching
- Purchase Register– It Is An Excel Utility Provided Where The Recipient Can Feed The Details Of Purchases Made by Him With Their Invoice No, Date, Input Tax Paid ,Etc
- Matching Tool– The GST Dept Has Given This Wonderful Feature In The Offline Utility To Match As The ITC As Per The Recipients Record With The ITC As Per The GST ANX-1 Uploaded By The Supplier. The Matching Tool Available Will Help to Reconcile the ITC as Per Purchase Register and ITC as Per GST ANX-1 of the Supplier.
ACCEPT, REJECT AND PENDING STATUS
The Recipient Is Given the Power to Accept or Reject the ITC.
- If The ITC As Per Purchase Register Is Matching With ITC As Per GST ANX-1 Of Supplier, The Recipient Accepts It.
- If The ITC Does Not Match Because The Supplier Has Not Uploaded The Invoices Or Has Uploaded Invoices With Wrong Amounts The Recipient Can Reject It. When It Is Rejected, The Message Will Be Passed On To The Supplier And When He Makes The Necessary Changes Or Addition In GST ANX-1, The Recipient Can Change The Status As Accepted.
- Pending – When The Recipient Does Not Accept Or Reject The ITC, And Is Still Waiting To Get Confirmation From The Supplier, Then It Is In Pending Status
This Is How The Whole Process Works!
The Filled In Details Can Be Viewed In An Excel Sheet By Exporting The Data To Excel
The Exported Excel Can Imported Again To Review The Same
After The Correctness of The Data Is Ensured, The Json File Is To Be Generated To Be Uploaded In The GST Portal
UPLOADING IN GST PORTAL
The JSON File Generated Is To Be Uploaded In The GST Portal. There Are 2 Tabs
- Upload– Here JSON File Is Uploaded
- Download– Here the Error File is To Be Downloaded
After Making The Necessary Corrections Of The Errors Found, Again Json File Is To Be Generated And It Can Be Uploaded.
APPLICABILITY OF THE NEW RETURN SYSTEM
It Is Brought To Your Kind Notice This New Return System Is Only On Trial Basis. The Information Uploaded Does Not Create Any Liability And Data Uploaded Will Be Deleted Once The Trial Period Is Over.
The Concerned Businessmen Are Asked To Make Use Of The Trial Version And Give Necessary Feedback/ Suggestions To The GST Department To Enable Them To Make Necessary Amendments To The New Return System
For More Details Please Logon To: www.gst.gov.in
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