Some altered guidelines have been given by the center for GST returns along with the introduction of the Quarterly Return Filing (QRMP) through the monthly payment for the assessee in the new guidelines but the micro, small and medium enterprise (MSMEs) has declined the given rule by the center.
Beneath the policy the goods and service tax (GST) can seek who has an annual aggregate turnover (AATO) of up to Rs 5 crore and thus needs to furnish the four forms of GSTR-3B 
From January rather than 12 at now, the businesses whose turnover exceeds Rs 5 cr turnover will have to furnish only GST sales return or GSTR-3B.
”This will affect the cash flow of MSMEs, as they have to pay the GST monthly. Karnataka Small Scale Industries Association (KASSIA) protests the new rules to safeguard the interests of MSMEs and urges the central government to allow MSMEs for monthly returns and quarterly payments,” said KASSIA.
The corporates who have received the payment bills can be late through 90 to 120 days. The bills are to be furnished. The registration is done via GSTR 2 after prompting ITC.
They further said ”Most of them are very good paymasters, pay less GST for the bills, and pay the GST amount after it appears in GSTR 2 it means after MSMEs file the GSTR 3B
Get to know details on GST return 3B form along with the online procedure for filing return of the current FY 2018-19. We break down the form for easy understanding thus blocking the working capital of MSMEs for three months,”
Get to know details on GST return 3B form along with the online procedure for filing return of the current FY 2018-19. We break down the form for easy understanding
