GST Portal News: GSTN issued the statement that states System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR-3B, as PDF statement on GST Portal.
1. A pdf statement has been made available to taxpayers, filing monthly GSTR-1 statement, with system computed values of Table 3 of Form GSTR-3B. This PDF will be prepared on the basis of the values reported by them, in their GSTR-1 statement, for the said tax period.
Read Also: GST Return Due date Calendar for the month of September 2020
2. This PDF will be available on their GSTR-3B dashboard, from tax period of August 2020 onwards, containing the information of GSTR-1 filed by them on or after 4th September 2020. This will make filing of their Form GSTR-3B easier for them.
3. This facility is provided to all taxpayers registered as a Normal taxpayer, SEZ Developer, SEZ unit and casual taxpayer.
Read Also: CBIC extended compliance of any action till 30th November 2020
4. Tables of Form GSTR 3B will be Auto-Drafted in pdf statement: Following Tables of Form GSTR-3B will be auto drafted, on basis of values reported in GSTR-1 statement, for the said period:
- 3.1(a) – Outward taxable supplies (other than zero rated, nil rated and exempted)
- 3.1(b) – Outward taxable supplies (zero rated)
- 3.1(c) – Other outward supplies (Nil rated, exempted)
- 3.1(e) – Non-GST outward supplies
- 3.2 – Supplies made to un-registered persons
- 3.2 – Supplies made to composition taxable persons
- 3.2 – Supplies made to UIN holders
Read Also: GSTR-2B launched for the month of July, 2020 : Press Release
5. In this, following points may be noted:
- In case, any of the above values is negative as per GSTR-1 statement, those figures would be mentioned as Zero in the auto-drafted PDF and will not be carried forward to next period.
- Turnover & tax are computed after taking into account credit notes, debit notes, amendments and advances, if any.
- Only filed GSTR-1 statements are considered for auto-population of the values in Form GSTR-3B.
6. This PDF is only for assistance of taxpayers to get the auto drafted values of Table 3 of their Form GSTR 3B (as per their filed GSTR 1 statement). Taxpayers, however, are required to verify & file their Form GSTR-3B, with correct values.
Read Also: Interest on Net GST liability payment made in cash : Notification released
Disclaimer:The article or blog or post (by whatever name) in this website is based on the writer’s personal views and interpretation of Act. The writer does not accept any liabilities for any loss or damage of any kind arising out of information and for any actions taken in reliance thereon.
Also, www.babatax.com and its members do not accept any liability, obligation or responsibility for author’s article and understanding of user.
For Collaboration with us-
- Mail us at [email protected]
- Whatsapp us at +91-7024984925
