NEW GST RETURNS APPLICABLE

new GST Returns – Amendments Applicable From April 2020

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1 New GST Return System Ans: In 37th GST Council Meet it was decided that new returns for GST will be implemented from April 2020, and the format was earlier decided by 31st GST Meet. In the 31st GST Council Meet (Dec 2018), it was decided that a New Return System under GST

Dear Friends, Aggregate Turnover above Rs 5 Cr. FORM GST RTE-1 is applicable. No need to go for next test. Aggregate Turnover is not exceeding Rs 5 Cr. You have multiple options for further refining go to Test Sequence 2. Test Sequence 2: Type of Outward & Inward supply is done by your organisation B2B Purchase & B2C Supply: – If your organisation is making purchase locally from B2B market and simultaneously making B2C Outward Supply than you have to use SAHAJ B2B Purchase & B2B + B2C Supply: – If your organisation is making purchase locally from B2B market and simultaneously making B2B + B2C Outward Supply than you have to use SUGAM Any other combination of Purchase & Supply: – For rest all cases you have to use NORMAL form (GST RET – 1). However frequency of filing i.e., Monthly or Quarterly can be chose as per your convenience. This is only educational video,