SUGAM GST RET 3 Form Explained
SUGAM is a simplified return format made available to small tax payers who deal in both B2B and B2C clients and having turnover in the preceding financial year up to five Crores. To keep the filing process less tedious the return filing period for GST RET-3 SUGAM has been kept quarterly. Even though the return filing period is quarterly the tax payment has to be made monthly.
Who can opt for SAHAJ GST RET-3 ?
Any assesse having turnover of up to five crores and having only B2C supplies, B2B Supplies or Domestic Inwards supplies covered under reverse charge mechanism can opt for this quarterly return. Assesses having Export supplies, Deemed Exports or sales through ecommerce vendors cannot opt for this form. Even tho