Apparel March 2020 Apparel March 2020 issue | Page 48

REPORT
WORKSHOP ON
NEW GST RETURN
CMAI organised a Workshop for the benefit of its
Members on the New GST Return approved at the
37th Meeting of the GST Council. Apparel gives an
insight on the Workshop...
The Clothing Manufacturer’s Association of
India (CMAI) organised a Workshop to Update
members on how to manage their GST return.
Mr Meghraj Deore, Deputy Commissioner (GST)
who conducted the Workshop, explained the
transition plan which will help taxpayers who pay
Goods and Service Tax to change to simpler
forms. Mr Deore was introduced at the Workshop
by Vice President, CMAI, Mr Babubhai Ayar, with
a bouquet of flowers. The other members of the
Managing Committee, who were also present on
46
I APPAREL I
March 2020
the panel included, Mr Anand Chokshi, Mr Kirti L
Shah and Mr Zaverchand Haria.
The Workshop, which explained the Updated
Policy decided by the GST Council at its 37th
meeting, will have three main components. This
will include one main return which is FORM GST
RET I and two annexures FORM GST ANX 1 and
FORM GST ANX 2. The three main GST Return
forms, which include GST RET I, GST RET II,
(Sahaj) and GST RET III (Sugam) will benefit small
time businessmen and traders in filing GST, thus
helping reduce pressure on the IT systems.
Mr Deore explained at the Workshop the New
Return Policy. Each GSTR form is conducive to a
certain type of taxpayer, he explained. The GST
council has allowed GSTR IV-XI forms to remain
the same. However, they have made a couple of
changes in the first three. Due to the complicated
structure of GSTR forms I, II and III, the GST
Council has suspended GSTR II, a purchase
return and GSTR III, an input- output return.
GSTR I, which is a sale return and GSTR IIIB
which is the summary of the input-output return,
remain the same.
Therefore to make it simpler, the Council has
brought out a new law; where GSTR I, II and III
will be replaced by RET 1, 2 and 3. The original
law explained, that if a tax payer’s turnover in
the preceding year is less than or equal to R 1.5