Since the implementation of Goods and Service Tax (GST) there has came many changes, updates as well improvement in the previous versions of GST portal. All the new changes, updates come with the motive to help taxpayer to work on the portal efficiently and without problems. This article contains some not so popular features of GST Portal that one must know.
No need of Bank account at the time of registration:
Now, there is no need to furnish details of bank accounts at the time of GST registration. After obtaining GST registration number, at any time after FIRST LOGIN the details of Bank account can be furnished. This update helps the new businesses in saving time who are in process of obtaining bank account.
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TDS and TCS credit received:
Like auto-populated input tax credit is shown in GSTR-2A. We can also see auto population of TDS and TCS credit received from counter parties who filed their GSTR-7 and GSTR-8. Taxpayer can accept or reject such TDS and TCS received. On accepting the credit will get credited to Cash ledger of taxpayer. This facility is available under
“Services > Returns> TDS and TCS Credit received”
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Online Appeals and System-generated Acknowledgement:
There is a new option for taxpayers where they can file an appeal against an order passed by an appellate authority.
If an appellant authority fails to issue final acknowledgment within a specified time period then a system generated final acknowledgment will be issued with a remark “subject to validation of certified copies”.
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Import of E-way bill data to GSTR-1 in GST Portal:
Filling of GSTR-1 will now become easy as taxpayer will not required to enter data to GSTR-1 which he already submitted in E-way bill. The new facility will help taxpayers to import the data directly from E-way bill to GSTR-1.
Monthly Refund Application can be filled by Quarterly Return Taxpayer:
Taxpayers who file their return GSTR-1 quarterly can now file refund application monthly. The portal has enabled monthly filling of Refund application to boost the SMEs as the money will not be blocked for a quarter and can be used in business.
Comparison of ITC Claimed and Liability declared:
The new facility introduced by the GST Portal make it easy to compare the input tax credit claimed in GSTR-3B with credit available in GSTR-2A and liability declared in GSTR-3B with GSTR-1. It also helps in preparation of Annual Return.
Comparison between:
- Liability related to exports & SEZ supplies or other than export and reverse charge as declared in Form GSTR-3B during the month and liability as declared in Form GSTR-1.
- Input tax credit (ITC) claimed in Form GSTR 3B and available in Form GSTR 2A.
- Liability paid due to reverse charge declared & paid in Form GSTR 3B and as accrued in Form GSTR-2A.
API Access Permission for GST Portal:
Many taxpayers fill returns with the help of third party applications and use it for other compliance like GST Payment, Registration, and more. These third party applications are known as “Application Service Provider (ASP)” and these third party applications will connect with GST system via secure GST System APIs known as “GST Suvidha Provider (GSP)”.
This facility is the extra security feature, which allows taxpayers to restrict these ASP/GSP applications to access his/her credentials for accessing GST Portal. This feature is designed to restrict unauthorized access of information. The taxpayers have the option to make it enable or disable any time.
Taxpayers have to first activate the API session on GST Portal and define the duration of access. This feature is the safety feature which prevent misuse of Taxpayers GST data by the third parties.
Process to activate API:
- Login> My Profile Section.
- Select Manage API Access
- Select on “Yes” under Enable API Request Section. Then select Duration and Click on Confirm.
New Registration taken by Existing Registration with same information:
Now existing taxpayer can file registration application with same combination of PAN, Email, and Mobile number. Earlier there is a need of unique combination.
Pay GST in Installments:
There is a relaxation scheme available in GST Portal where if a taxpayer is not able to pay all GST dues (tax, penalty, interest) in lump sum, then he can have an option to pay dues in an installment. Maximum 24 installments are allowed with 18% interest after the approval of proper officer.
Number of Returns filed by a GSTIN holder
Option is available to check whether the person has filed all his due returns or not. This option will make the buyer aware about the discipline of his supplier in filing returns. The steps are as follows-
- Home > Search Taxpayer > Search by GSTIN/UIN
- Enter the GSTIN/UIN of Taxpayer > Search
- Click on show filing table.
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The author of above article is Punit Chaplot.
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