10 Newly added features on GST portal ; One Must know
CBIC always tries to make GST compliances easier and introduce few new things on the GST portal every month. From last one month or week so, many changes have been introduced and today we will go through all of them-
1. GSTR 2B
Form GSTR 2B is generated every month, as per the GSTR 1 filed. Input Tax Credit available to taxpayer for that month, is reflected in this form. Now, the question, many will be thinking is why this form, if Form GSTR 2A, is already there, why one more ?
So, lets answer this question, and remove the doubts.
The basic difference between GSTR 2A and GSTR 2B, is that form GSTR 2A keeps updating time to time as and when supplier files their GSTR 1 and on the other hand, GSTR 2A will be constant. GSTR 2B will be auto populated on the basis of details in GSTR 1 furnished by the suppliers till 11th of the month. Hence, GSTR 2B for the month of December 2020, will be auto populated on 12th January, on the basis of GSTR-1 filed by the suppliers from 12th December to 11th January.
This form becomes most important, as GSTR 3B, which is getting auto populated from this month will be generated from this form.
2. Annual Aggregate Turnover on GST Portal
Annual aggregate turnover, for the Financial Year 2019-20, will be auto populated on the dashboard. This turnover will be important for many provisions in which turnover are the subject matter. For opting the recent new Quarterly Return Monthly Payment, also turnover is the important parameter. This AATO will be PAN based.
From the above picture, it is quite evident that it will say, whether taxpayer is having turnover less or more than Rs. 5 Crore.
3. Auto Populated Form GSTR 3B
Form GSTR 3B is getting auto populated from the month of November 2020. Now, let me explain from where, what data is being reflecting in the form.
The table 3, which talks about sales, is being reflected from GSTR 1, which you have filed by 11th of the month. And all the tables relating to ITC are being auto populated from Form GSTR 2B. Let me remind you again that, GSTR 2B is auto populated from the GSTR-1 uploaded by your suppliers till 11th of the month.
This system generated GSTR 3b, is available to download in PDF format.
If you are entering values which are more than 10% of the values in the system generated GSTR 3B, then you will get messages saying, so and even those tables will get red coloured. Although, CBIC has clarified that, taxpayer should ignore the message, about RCM. If one has entered RCM liability more than 10% as system generated, then they have to ignore such message, and declare actual RCM liability.
4. Annual Return for Financial Year 2019-20
Annual Return for FY 2019-20 is available on GST Portal. Form GSTR 9 is annual return required to be filed by every Registered person other than an Input Service Distributor, a person paying tax under section 51 (TDS) or section 52 (TCS), a casual taxable person and a non-resident taxable person.
Form GSTR 9C is a statement of reconciliation of the Annual Returns in GSTR-9 filed for a Financial Year with the figures as per the audited annual Financial Statements of the taxpayer.
5. Quarterly Return and Monthly Payment (QRMP) Scheme
The facility to opt in for the new return scheme of QRMP have been made available now. The new scheme QRMP have been introduced now. Taxpayer having turnover less than Rs. 5 Crore, can opt for this. In such case, taxpayer have to make payment of tax monthly and file GSTR 1 and GSTR 3B quarterly. Also, facility of IFF, have been made applicable for them. By which taxpayers can file B2B invoices in advance monthly.
E-invoicing facility has been made applicable now for Taxpayers having turover from Rs. 100 to 500 Crore. Log in credentials have been made available to them. Also, facility of E – way bill generation and E-invoicing has been interlinked. E-invoicing is mandatory for taxpayers having aggregate turnover above Rs. 100 Cr from 01st Jan 2021. Previously, it was applicable till 500 Crores.
7. Facility of auto-population of details from e-invoices into GSTR-1.
Auto-population of details from e-invoices into GSTR-1 is the new facility available for the taxpayers. However, as per the GSTN advisory, its just a facility. After viewing the auto-populated data, the taxpayer shall verify the propriety and accuracy of the amounts and all other data in each field, especially from the perspective of GSTR-1 and file the same, in the light of relevant legal provisions.
8. GSTR-1 can’t be filed on non-filing of GSTR-3B
As per Notification No. 01/2021, a registered person shall not be allowed to furnish the details of outward supplies of goods or services or both in FORM GSTR-1, if he has not furnished the return in FORM GSTR-3B for preceding two months.
Also, a registered person, required to furnish return for every quarter will not be allowed to furnish the details of outward supplies of goods or services or both in FORM GSTR-1 or using the invoice furnishing facility, if he has not furnished the return in FORM GSTR-3B for preceding tax period.
GSTN has launched new facility of “Communication between Taxpayers” functionality facilitate in sending and receiving notifications to /from another taxpayer. All taxpayers except TDS, TCS and NRTP taxpayers are eligible to use Communication Between Taxpayers facility.
“Communication between Taxpayers” functionality facility is for sending a notification by recipient (or supplier) taxpayers to their supplier (or recipient) taxpayers, regarding missing documents or any shortcomings in the documents or any other issue related to it.
A facility has now been provided to the taxpayers on the GST Portal to file an application online for unblocking of their E-Way Bill generation facility (in Form EWB-05), in case their EWB generation facility has been blocked on the EWB Portal.
Tax Officer can issue an order (in Form EWB-06) approving the taxpayer application for unblocking the EWB generation facility. After which their EWB generation facility will be restored for the duration specified in the order.
For any questions, you may reach us at Discussion Forum
The author of the above article is CA Ankita Gandhi.
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