GST Returns Forms: RET

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

The new returns would be implemented on a pilot basis from April 1, and will be made mandatory from July 1, according to a decision by the GST Council.

The periodicity - whether such taxpayers choose to file monthly or quarterly returns. Taxpayers filing Sugam and Sahaj returns cannot generate sales through e-commerce operators on which tax needs to be collected at source, while those filing normal returns will be able to do so

A purchaser will get tax credit based on the details of documents uploaded by the seller up to the 10th day of the following month for which the return is being filed. If buyers for instance, file their returns on a monthly basis for January 2019 on Feb. 20, 2019, they'll be eligible to claim credit on their returns based on the documents uploaded by the seller up to Feb. 10, 2019 irrespective of whether the seller files return on monthly or quarterly basis.

If the buyer files his return on a quarterly basis, say for the quarter through March 2019 on April 25, she will be eligible to claim credit on the return based on the documents uploaded by the seller up to April 10, 2019, irrespective of whether the seller files return on monthly or quarterly basis.

Summery of return Annexure
  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.
    1. GST RET-1 (Normal) or
    2. GST RET-2 (Sahaj) or
    3. GST RET-3 (Sugam)
Return Type
RET-1RET-2RET-3

Existing >

In Future

Which Scheme to be chose and which form to be filled?

Difference between return

 Normal
(GST RET-1)
Sahaj
(GST RET-2)
Sugam
(GST RET-3)
ReturnQuarterly/monthlyQuarterlyQuarterly
Turnover limit for return>5 cr. mandatory
< 5 cr. optional
Up to 5 cr. OptionalUp to 5 cr. optional
Customer typeAllB2CB2B & B2C
Supply to e-commerceYesNoNo
Zero rated SupplyYesNoNo
Missing/pending invoice uploadYesNoNo
Declared capital inputYesNoNo
Need to Declared “Non-GST supply & Exempted supply”YesNoNo
Nil Return by SMSYesYesYes  
HSN- base on turnoverIf >5cr. mandatory
If <5cr. optional
If ZERO rated
supply=mandatory
OptionalOptional
Declared Inward supply on which RCM applyYesYesYes

Note: no change in TDS, TCS, ISD and composition return.

The registered person could switch from one type of return to another in the following scenario.

From To Comments
Quarterly/Monthly (Normal) Monthly/Quarterly (Normal) Once at time of filing first return.It cannot be changed during the FY.Have the option to change while filing first return in next FY.
Quarterly (Normal) Sahaj/Sugam Once in a FY at beginning of any quarter.
Sugam Sahaj Once in a FY at beginning of any quarter.
Sahaj Sugam/Quarterly (Normal) More than once in a FY at beginning of any quarter.
Sugam Quarterly (Normal) More than once in a FY at beginning of any quarter.

Flow of returns

Form GST ANX 1

  1. Invoices upload related to
    1. B2B (invoice level),
    2. B2C (summery level),
    3. RCM (GSTN or PAN level),
    4. Import and export (invoice level)
    5. User can upload data on real time basis and purchases can able to see upload invoice and act on invoice.
    6. Invoice will be upload at HSN and tax rate wise Means by user need to mention HSN on invoice level.
    7. After upload invoices user cannot take any action after 10th on next month. Also, if purchase act before 10th then supplier cannot take any action on same invoices.
    8. B2B invoice Amendment.
    9. Upload missing invoice in case of normal return if supplier not upload invoice within 2 months.

    Possible scenarios for action taken by recipient

    Illustrative

    Date of upload by supplier Date of action by recipient Action taken Impact on recipient Whether edit / amendment in next return allowed
    10th of next month 12th of next month Accept Credit available for utilization Edit : Upto 10th Amendment: NA
    10th of next month 12th of next month Reject No Credit Edit : Upto 10th Amendment: NA
    10th of next month 12th of next month Pending No Credit Edit : Upto 10th Amendment: NA
    10th of next month NA Deemed acceptance Deemed acceptance- Credit available for utilization Edit : Upto 10th Amendment: NA
    12th of next month NA Not Possible No Credit Not Possible
    8th of next month 10th of next month Accept Credit available for utilization Not Possible
    * Amendment by supplier can be done only once the original action has been rest / unlocked by the recipient

    Form GST ANX 2

    1. This annexure is available on read only mode. User can download and reconcile with ERP software.
    2. Base on the ERP data user can take only following action Accept, Reject and Pending user cannot modified any invoice.
    3. No need to act on ISD input.
    4. Supplier upload invoice after 10th then user can take credit of such invoice in next month.

    Return GST RET 1/2/3

    1. Base on Annexures 1 and 2 outward and inward data auto-populated.
    2. Main task user this return is segregation input credit
      1. Capital input
      2. Input
      3. Input service

      Amendment Return

      Amendment in Form GST ANX-01A:

      1. Table 3B, 3E, 3F and 3G - B2B, Supplies to SEZ and Deemed exports - amendments to be done through GST ANX-01 only.
      2. Other Tables being 3A, 3C, 3D, 3H, 3I, 3J, 3K amendment to be made through Form GST ANX-01A.
      3. Table 3L cannot form part of amendment table. Edit and amendments also may not be allowed in Form ANX-01.
      4. For changes in Supplies made through ECO liable under TCS (Table 4) - Original and revised GSTIN to be provided.
      5. Invoices/documents on which refund has already been claimed, would not be open for amendment.
      6. Although not notified, in the press releases it was provided that Amendments would be allowed for a maximum of 2 times only.