GST Annual Return and Reconciliation Statement date Extended

This is to inform you that GST Annual Return in the form of GST 9 & GSTR 9A and Reconciliation statement in the form of GSTR 9C for the financial year 2017-18 is Extended from 31st August 2019 to 30th November 2019.

The following order published on 26th August 2019 on official Gazette:

GST New Return Prototype

New GST Form is issued by the Government which is applicable from 1st Oct 2019:

SAHAJ

Sahaj return may be selected if

• 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

Sugam return may be selected if

• 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

Quarterly return may be selected if

• 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.