Preparing for the new GST Returns: The Ultimate Guide

As they say, change is the only constant! And this is no different in the GST regime. Soon, the entire filing mechanism in GST is going to change with the

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Input Tax Credit Break-up of GST RET 1 – Table 4 Explained

The GST Council has introduced new return filing system in order to simplify the filing process. This system is currently postponed until October 2020. Under the new filing system, depending

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SUGAM (RET-3): Quarterly Return for B2B+B2C Transactions

What is Sugam (RET-3)? Sugam, which is also known as RET-3, is a newly introduced simplified return for small taxpayers. Small tax payers may opt to file Sugam on quarterly

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GST New Return Offline Tool (Beta) v0.3 – released on GSTN

With an aim to help taxpayers with the New Simplified Return System, a new beta version of the Offline Return Tool has been released on the GSTN portal. The primary

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GST Form RET-1: How to file Table 5 to Table 8

The GST Council has introduced new return filing system in order to simplify the filing process. This system is currently postponed until October 2020. Under the new filing system, depending

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SAHAJ (RET-2): Quarterly Return for B2C Transactions

What is Sahaj (RET-2)? Sahaj, which is also known as RET-2, is a newly introduced simplified return for small taxpayers. Small tax payers may opt to file Sahaj on quarterly

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FORM GST ANX-1 –How to Prepare Annexure Of Inward and Outward Supplies?

The simplified GST returns have been planned to ensure a simplified and easy return filing for taxpayers. In the 37th GST council meet, the council has decided upon the postponement

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Provisional ITC as per New Simplified GST Returns

Can I claim ITC on Provisional Basis once the new returns come in force? This question is asked by many purchasers many a times. The answer to this question has

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Exploring Simplified GST Returns – Taxpayer’s Profile

GST 2.0, a.k.a the Simplified GST Returns is expected to simplify indirect taxation for the taxpayers, and provide a boost to the economy in India. But as they say, “Rome

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5 Key Changes in New Simplified Returns

The Simplified returns are to be introduced under GST in order to simplify the complexities in the current return system. While the new GST system would be applicable for all

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GST ANX-2 Vs GSTR2 – Simplified GST Return

October 2019 is going to be a crucial month for GST Taxpayers. The new simplified GST return system will be taking up on the current GST Returns system. As per

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How to Fill GST ANX-1: Simplified GST Returns

The new – simplified GST return system is expected to be introduced, mandatorily, onto the current GST Returns system of India in the month of October, 2019. As per the

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