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Wednesday, August 7, 2019

How to choose gst new return New gst return ( trial version) ?

In this article, we will know about GST new return which is available on the GST portal. We hope you must know that GST new return is mandatory for all registered person from Jan-2019.
    


In this article, we will discuss:
** How to choose GST new return {New GST return ( SAHAJ, SUGAM, QUARTERLY OR MONTHLY) }




Step:1 Login to GST Portal (with your user id and password)


gst new return
gst new return
Step:2 Choose NEW RETURN TRIAL


gst new return
gst new return



Step:3   Here you can see some questions about your business details.
gst new return
gst new return
step:4(a)    If your turnover is greater then 5.00 Cr. select NO of the questions sr. number (1) and then automatically choose monthly return.

                                 
new gst return
new gst return
                                                                                                                                                                                             
Hence, you choose the monthly return.                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Step:4(b)   If your turnover is less then 5.00 Cr then you choose YES  of questions number (1).

Then open questions number(2)
new gst return
new gst return


(2)If the reply is ‘Yes’ at Sr. No. 1, do you intend to file the return on a quarterly basis?

 * If you want to file monthly basis then choose "NO" and click on SUBMIT button.
new gst return
new gst return

Hence, you choose the Monthly return.




 * If you want to file the return on quarterly basis then choose "YES"  of questions serial number (2), then open question number (3)                                     
NEW GST RETURN
NEW GST RETURN
                                                                                                                                                                                       
There have some condition to select SAHAJ, SUGAM and QUARTERLY Return.

SAHAJ:

Sahaj return may be selected if
  • Aggregate turnover during the preceding financial year up to Rs. 5.00 Cr AND
  • Make supplies only to consumers, registered persons and unregistered persons (B2C) OR
  • Have inward supplies on which tax is payable on the reverse charge basis (RCM)
You will be required to:
  • Pay tax liabilities on Monthly basis in form GST PMT-08.
  • Furnish outward supplies details on a continuous basis and cannot claim provisional ITC on Missing invoices.
  • File Return on Quarterly basis in GST RET-2

If you are eligible for SAHAJ Return then select and click on SUBMIT Button.
NEW GST RETURN
NEW GST RETURN


SUGAM:

Sugam return may be selected if
  • Aggregate turnover during the preceding financial year up to Rs. 5.00 Cr.
  • Make additional outward supplies apart to consumers, unregistered persons and registered persons.
  • Have additional inward supplies apart form registered and unregistered persons (including reverse charge).
You will be required to:
  • Pay tax liabilities on Monthly basis in form GST PMT-08.
  • Furnish outward supplies details on a continuous basis and cannot claim provisional ITC on Missing invoices.
  • File Return on Quarterly basis in GST RET-3.

If you are eligible for SUGAM Return then select and click on SUBMIT Button.

NEW GST RETURN
NEW GST RETURN


QUARTERLY:


The quarterly return may be selected if
  • Aggregate turnover during the preceding financial year up to Rs. 5.00 Cr.
  • Make additional outward supplies apart to consumers, unregistered persons and registered persons.
  • Have additional inward supplies apart form registered and unregistered persons (including reverse charge).
You will be required to:
  • Pay tax liabilities on Monthly basis in form GST PMT-08.
  • Furnish outward supplies details on a continuous basis and cannot claim provisional ITC on Missing invoices.
  • File Return on Quarterly basis in GST RET-1.

If you are eligible for QUARTERLY Return then select and click on SUBMIT Button.
NEW GST RETURN
NEW GST RETURN
          

Note: who choose these Return (SAHAJ, SUGAM and QUARTERLY) cannot claim provisional ITC on missing invoices.
                                                                                                                                                                                                                                                                                                                                                                                                 
IF YOU CHOOSE WRONG RETURN TYPE THEN YOU CAN CHANGE IT.                                                                                                                                                                                                                                                                              

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