© 2020, Teachoo. If not matching, he can reject it and modify it
The new GST Return GST Anx-1 to replace GSTR 1 Return soon. In the 27th GST Council Meeting, the Government announced a simpler GST return filing regime for small taxpayers. Form GST Ret-01 after he has uploaded details in Form GST Anx-01 and taken action on details in Form GST Anx-02. Large taxpayers are required to file return and make payment of liability on monthly basis.Small taxpayers are those registered dealers who are having turnover up to INR 5 crores in the previous financial year. Lately, the Government of India has released three new GST return forms namely Normal (RET-1), Sahaj (RET-2), Sugam (RET-3) for all the countrywide taxpayers. Also it will have details of Reverse Charge Purchases and ITC on Normal Purchases At the same time, Small taxpayers will be requiring to fill less data information compared to regular return filers.The new return proposal provides a facility for amendment of the invoice and also other details filed in the return. This Form will be like a mini return having having details of Output,Input and Payable Thus, liability payable on inward supplies liable to reverse charge and on import of goods or services (excluding import of services from SEZ) are also to be reported in GST Anx-01.Details of documents may be continuously uploaded in GST Anx-1. These details are updated on real time basis and actions on such documents may be taken by the recipient. Update as on 11th June 2019. Let us know the GST Sugam returns in detail. Secondly, the taxpayers whose returns are nil will have the facility to file the return by simply sending one SMS. New GST Return (GSTR) Forms have been announced by the Central Board of Direct Taxes (CBDT), the apex authority for taxation in India. Here the taxpayer with a turnover of Rs.5 crores in the last financial year and does B2C supplies may file this return. The taxpayers will have to file either The GST RET 1 is also known as Monthly (Normal) return in New GST return filing system.

The taxpayer will have to file a separate return called Payment of tax will be allowable through the amendment return as it will help save interest liability for the taxpayers.93% of the taxpayers are with a turnover of less than Rs 5 Cr. Similarly, the input tax credit declared in GST ANX 2 will also have no link with that of in your GSTR 3B return.

GST Payment post return locks by Recipients In addition to the new return forms, the GST will also make room for new provisions like the Sahaj and Sugam schemes for dealers.

The Simplified GST Returns will be launched in a few months and the offline utilities where the taxpayers can fill in the details of their sales and purchases have already been made live. New learning and pay tax + on non compliance of gst act pay penalty… what the hell is going on…Your email address will not be published. These forms will have full details of Output, Input and Payable unlike existing forms Those having turnover more than 5 Crores have to file Normal(Monthly) Returns Non-gst supply shall include no supply.HSN level details are not mandatory for small tax payers (having turnover below INR 5 crores). -Registered person (other than Reverse charge)

Know how to file and how to select GST’s new return.

Every registered person (Large taxpayers + small tax payers including those opting for Sahaj and Sugam) By 10th of every month However, it is a continuous activity.- HSN wise data is not mandatory for small tax payers Form GST Anx-1 includes details of all liabilities payable. Where documents have been uploaded after 10th, credit will be available in the next month and not in the month of receipt.


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