CBIC’s Note on Simplified Returns and Return Formats

Jul 31, 2018 | by Avantis RegTech Legal Research Team


The GST Council in its 27th meeting held on May 04, 2018 had approved the basic principles of GST return design. Now in its 28th meeting held on July 21, 2018, GST Council approved the key features and new format of the GST returns. This brief note published by the Central Board of Indirect Taxes and Customs (CBIC) lists the salient features of the new return format and business process for the information of trade and industry and other stakeholders. The note contains the following:

         Key Features of Monthly Returns   

         Key Features of Quarterly Returns

         Questionnaire for filing up Annexure of supplies to Main return    

         Details of outward supplies, imports and inward supplies attracting reverse charge with instructions        

         Main return with instructions           

         Annexure of inward supplies auto-populated from Annexure of supplies with instructions              

         Questionnaire for filing amendment to Annexure of supplies to Main return          

         Amendment to the Annexure of supplies reported earlier along with instructions               

         Amendment to main return with instructions          

         Option for choosing type of quarterly return            

         Payment of self-assessed tax before filing return with instructions              

         Return format for taxpayers making B2C supplies only with instructions   

         Annexure to Sugam for reporting B2B supplies with instructions  

         Return format for taxpayers making B2C and B2B supplies only with instructions 

         Return format for taxpayers filing quarterly return

URL: http://www.cbic.gov.in/resources//htdocs-cbec/draft-circ/GST_Returns_3007.pdf;jsessionid=4A355EFB8B7954DE17BC4D845E80EB07


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