The pilot project envisaged for rolling out simplified monthly GST return forms from April 1 has been deferred and the new forms would be made available once they the notified and the software is ready.
The GST Council had in July last year decided that thesimplified GST return forms — Sahaj and Sugam — would be rolled out on apilot basis from April 1, 2019, while mandatory filing across the country wouldkick in from July.
In July last year, the Central Board of Indirect Taxes andCustoms (CBIC) had come out with the draft GST returns forms and soughtcomments from stakeholders.
Under the new return filing format, taxpayers who have nopurchases, no output tax liability and no input tax credit in any quarter ofthe financial year would have to file one 'Nil' return for the entire quarter.Facility for filing quarterly return shall also be available by an SMS.
The new return filing format would replace the currentrequirement of filing final sales return GSTR-1; but as per the plan, summarysales return GSTR-3B would continue for some time.
"The pilot project of new return filing has beendeferred. New date would be decided. The forms would be notified first;following which, the pilot would be launched. Systems are being developed forthe new forms," an official said.
Small taxpayers, with turnover of up to Rs 5 crore in thelast financial year, can file quarterly return with monthly payment of taxes onself-declaration basis.
The return form 'Sahaj' is for businesses which makesupplies to only consumers (B2C). It includes details of outward supplies andinward supplies attracting reverse charge as well as summary of inward suppliesfor claiming input tax credit (ITC).
Also, such B2C businesses will have to show harmonisedsystem nomenclature (HSN)-wise summary of supplies and interest and late feeliability details along with payment of tax and verification. HSN is a codenumber to specify a particular product.
Besides, businesses making supplies to both businesses (B2B)and consumers (B2C) have to file returns form 'Sugam'. It includes summary ofsupplies made and tax liability, summary of inward supplies for claiming ITC,along with details of interest due and tax payment.
When goods and services tax (GST) was rolled out from July1, 2017, a three-stage monthly return filing system was set up — GSTR-1 (salesreturn), GSTR-2 (purchase return) and GSTR-3 (final returns based on GSTR-1 and2 matching).
However, with businesses facing trouble, the GST Council decided in November 2017 to keep filing of GSTR-2 and 3 in abeyance. It also introduced a simpler GSTR-3B to facilitate easier return filing and tax payment.