GST Return Filing
GST has been instigated in India from 1st July, 2017. Under the new GST regime, nearly
1,00,00,000 business houses in India have obtained GST registration certificate. All business
entities having GST registration certificate are required to file GST returns. Because, GST
return filing is mandatory for all entities having GST registration certificate, irrespective of
business activity or sales or profitability during the return filing period. Therefore, even a
dormant business entity that obtained GST registration must file GST return on time.
At Preach Law LLP is the leading GST Consultants in India, offering end to end GST services from
registration to return filing. We can help you to file GST returns Pan India basis from under
one roof. On the Recommendation of 35th GST Council Meeting, a fresh return system has been
introduced in a phased manner, as described below:
1. Between July, 2019 to September, 2019: The new return system (FORM GST ANX-1
& FORM GST ANX-2 only) to be available for trial for
taxpayers. Taxpayers to continue to file FORM GSTR-1 & FORM GSTR-3B as at present.
2. From October, 2019 onwards:
FORM GST ANX-1 to be made compulsory. Large taxpayers (having aggregate turnover of more than
Rs.5 crores in previous year) to file FORM GST ANX-1 on monthly basis whereas small taxpayers to
file first FORM GST ANX-1 for the quarter October, 2019 to December, 2019 in January, 2020.
3. For October and November, 2019
Large taxpayers to continue to file FORM GSTR-3B on monthly basis and will file first FORM GST
RET-01 for December, 2019 in January, 2020. It may be noted that invoices etc. can be uploaded
in FORM GST ANX-1 on a continuous basis both by large and small taxpayers from October, 2019
onwards. FORM GST ANX-2 may be viewed simultaneously during this period but no action shall be
allowed on such FORM GST ANX-2.
4. From October, 2019:
A small taxpayers to stop filing FORM GSTR-3B and to start filing FORM GST PMT-08. They will
file their first FORM GST-RET-01 for the quarter October, 2019 to December, 2019 in January,
2020. From January, 2020 onwards, FORM GSTR-3B to be completely phased out.
WHAT ARE DETAILS TO BE SUBMITTED WHILE FURNISHING THE DETAILS OF OUTWARD SUPPLY IN FORM GSTR-1?
• The supplier has to furnish the details of invoices, debit notes, credit notes and revised
invoices issued in relation to outward supplies made during the tax period.
• Supplies made to registered persons and unregistered persons including consumers.
• Inter-State supplies to a consumer (non-registered person) where invoice value is more than
Rs.2,50,000/- should be separately captured.
• Consolidated amount of Intra-State supplies to a consumer (non-registered person) for each
rate of tax.
• Zero rated supplies, Exempted supplies, Nil-rated supplies, Exports (including deemed exports)
and non-GST supplies should each be captured, separately.
• Tax liability arising in the current tax period where invoice is not issued in the current tax
period (i.e., yet to be raised, in case of advance).
• Invoices issued in the current tax period for which tax was already paid earlier (adjusting
the previous advances).
• Supplies made through e-commerce portal of other companies to registered taxable persons and
other consumers, separately.
• The supplier has to mention the Harmonized System of Nomenclature for goods and Service
Accounting Code.
• Documents issued during the tax period.
