Hello, in this post we will discuss the GST Sugam return form with the format and explanation.
Recently, the GST council offered the Sugam GST RET-3 (Return) Form for taxpayers who have both B2B and B2C supplies. It is a quarterly return.
Format of GST Sugam return form
There are 7 parts in this form. They include:
- Part-1 Profile updation
- Part-2 Form GST ANX-1
- Part-3 Form GST ANX-2
- Part-4 FORM GST RET-3
- Part-5 Form GST ANX-1A
- Part-6 FORM GST RET-3A
- Part-7 FORM GST PMT-08
Part-1: Profile updation
Intimation of option for return periodicity and type of quarterly return.
In this part, the taxpayers have to answer the questions either by yes or no pertaining to their turnover, if quarterly filed or not, etc.
Part-2: Form GST ANX-1
There are two parts in this questionnaire just answer it with YES or NO.
Here in this section, fill the details with the GSTIN No, Legal name as registered, Trade name, ARN, and date of filing.
Provide the details of outward and inward supplies attracting a reverse charge.
Part-3: Form GST ANX-2
Unlike all the forms fill all the relevant details in the form.
Next, in this section provide the inward supplies received from a registered person( other than those attracting reverse charge)
Summary of the Input tax credit. Value of credit on documents rejected, pending and accepted. The details of the amount of ITC involved in integrated tax, Central tax, State tax, and Cess.
Part-4: FORM GST RET-3
In this section, provide the summary of outward supplies attracting reverse charge debit/credit notes and tax liability.
Next, here the details of debit or credit notes issued advances received and other reduction in liabilities.
In this part of the form, fill it with the summary of inward supplies for claiming ITC.
Enter the details of reversals of credit.
In this section, Provide with details of the amount of TDS and TCS credit received in the electronic ledger.
In this part, you need to fill the Interest and late fee liability details.
Here, the user has to provide the tax paid details.
Next, provide how much refund claimed from the electronic cash ledger.
Part-5: FORM GST ANX-1A
In order to file Form GST ANX-1A answer these question before filing.
Provide the below details.
Next, the details of the amendment of outward and inward supplies attracting a reverse charge.
Part-6: FORM GST RET-3A
This form is an Amendment to Quarterly return (Sugam)
In this section, provide the details of the amendment to the summary of outward supplies, inward supplies attracting a reverse charge and tax liability.
Here, the details of the amendment to the summary of inward supplies for claiming ITC needs to be provided.
In this part, fill in the interest and late fee details.
Lastly, fill the payment of tax details and verify the above information is true.
Part-7: FORM PMT-08
In this part, Fill in the relevant details and the summary of self-assessed liability and Input tax credit availed.
Now, here provide the payment of tax details.
Finally, verify the given information in this form.
This comes to an end of this post.