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

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 basis.

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

Taxpayer having turnover upto Rs. 5 Cr in previous financial year, involved in B2C Supplies (supplies to unregistered persons and consumers) and Inward supplies attracting reverse charge only may opt to file Sahaj return on quarterly basis.

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How to Claim Provisional ITC on Missing Invoices in New Returns

In New Returns Table 4A.10 Provisional input tax credit on documents not uploaded by the suppliers [net of ineligible credit] gives the provision to the purchaser to take ITC on provisional basis.

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