Information about new GST forms and payment

The new single tax return form are might/to be rolled out in July.

Under this taxpayers will be required to fill one monthly return expect Small tax payers

The small tax payers are those taxpayers whose turnover is up to  RS 5 crs in the last financial year.they have the facility to file quarterly return with monthly payment of taxes on self declaration basis.

For the new registration tax payers turnover is considered as zero or as per the self declaration of estimated  turnover.

The forms are categories in three phases

1. Normal return - form GST RET -1
2. Sahaj return-      form GST RET -2
3. Sugam return-    form GST RET -3


Normal return - form GST RET -1 
In this form taxpayers should declare all types of outward supplies
Inwards supplies
And they can take the ITC on missing invoices

It is of two types
Monthly normal
Quarterly normal

Sahaj return-      form GST RET -2
The tax payers can declare outward supplies  that are made under B2C
And inward supplies attracting reverse charge only.

Sugam return-    form GST RET -3

The tax payers can declare outward supplies  that are made under B2C and B2B

And inward supplies attracting reverse charge only.


However in both the forms the taxpayers
Can make  nil rated, exempted or non GSt supplies which need not be declare in the said return.


Exemption for a person opting for sahaj and sugam forms


1. They cannot make supplies through e- commerce operators on on which tax is collected under section 52.

2.such taxpayers shall not take credit on missing invoices.

3. Such taxpayers shall not be allowed to make any other type of inward or outward supplies.


Filling system

The taxpayers opting to file quarterly return can choose to fill any of the quarterly returns


Taxpayers filling return as quarterly normal can switch over to sahaj or sugam return


Taxpayers filling return as sugam can switch over to sahaj return only once in a financial year at the beginning of any quarter.


Taxpayers filling return as sahaj can switch over to quarterly normal return more than
once in a financial year at the beginning of any quarter.




The tax payers will get credit during a tax period on the basis of the details of invoices uploaded by supplier the up to the  10 the of the month following the month for which the return is being filled to be/for.




Instructions form GST PMT-08 - payment of self assessed tax. AS per GST Rule

1. Taxpayers opting to file the return on quarterly basis have to make payment on monthly basis on the supplies made during the month

2. Only eligible ITC shall be claimed

3. Payment of self - assessed liabilities shall be made for the first two months of the quarter.

4. Credit of the tax paid during the first two months of the quarter shall be available at the time of filling the return for the quarter

5. Payment of the self - assessed liabilities shall be made by 20th the month succeeding the month to which the liability pertains

6. Liability can be settled out of balance in electronic credit ledger or electronic ledger as per the case

7. Liability and input tax credit availed shall be  based on self- assessment subject to adjustment in theain return of the quarter

8. Excess input tax credit claimed or short liability stated will be liable for levy of interest under section 50 of the act

9. The declaration shall also be filled if no supplies have been made during the month

10. Late payment will attract interest as per the section 50 of the ACT.