Government Releases Three New GST Return Forms

The government has released new return forms that businesses will have to file for paying goods and services tax from the next financial year. Businesses that have an annual turnover of up to Rs 5 crore have the option to file one of the three quarterly returns—Sahaj, Sugam and Normal. The new returns would be implemented on a pilot basis from April 1, and will be made mandatory from July 1, accor…