This article explains how you can change New GST Return Frequency through the government portal and also, everything you need to know about Sahaj, Sugam, and Quarterly (Normal) returns.
Note: Click the icon with the return type to view details about SAHAJ, SUGAM and Quarterly (Normal) returns before making a choice.
Read here to understand more about the new GST return types:
SAHAJ: – Aggregate turnover during the preceding financial year upto 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 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 continuous basis and cannot claim provisional ITC on Missing invoices.
File Return on Quarterly basis in GST RET 2.
SUGAM:
Aggregate turnover during the preceding financial year upto 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 continuous basis and cannot claim provisional ITC on Missing invoices.
File Return on Quarterly basis in GST RET 3.
QUARTERLY:
Aggregate turnover during the preceding financial year upto 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 continuous basis and cannot claim provisional ITC on Missing invoices.
File Return on Quarterly basis in GST RET 1.