GSTN has made following updates to GST Portal in last week which includes-  Portal will show list of Preferred Bankst while making Payment, restriction for applying refund on quarterly basis for quarterly GSTR 1 filers is removed, Auto approval of Appeals filed by Taxpayer or Tax Department, Release of API related to Assessment and adjudication, Removal of validation of 2% in Form GSTR-7 and  Population of data from EWB system into Form GSTR-1.

1. List of Preferred Banks list while making Payment

Every time a taxpayer makes GST Payment using a bank, it will be updated in the Preferred Banks list for that taxpayer.

Up to 6 Preferred Banks will be shown to a taxpayer while making e-Payment on GST Portal.

2. Monthly Refund applications by Quarterly GSTR-1 filers

The restriction for applying refund on quarterly basis for quarterly GSTR 1 filers is removed.

These tax payer can now file refund application on monthly basis, if Form GSTR 1 for the quarter is filed.

FAQ and User Manual for Refund Module can be accessed at link https://www.gst.gov.in/help/refund at GST portal

3. Auto approval of Appeals filed by Taxpayer or Tax Department

Application for appeal has to be submitted by the Appellant (Tax payer or Tax Department) to the First Appellate Authority. The Appellant also needs to submit certified copies within 7 days from the date of application or within the time limit allowed. The Appellate Authority may either admit the appeal by issuing the final acknowledgement or reject the application.

In case Appellate Authority fails to issue final acknowledgement to the appellant within the stipulated time, then a system generated final acknowledgement will now be issued to the appellant with a remark “subject to validation of certified copies”

4. Release of API related to Assessment and adjudication

Following API released

  • Assessment of non filers of Returns
  • Summary Assessment
  • Rectification of mistakes

5. Removal of validation of 2% in Form GSTR-7

At the time of filing of Form GSTR-7, as of now, system checks if total amount deducted is 2% of the taxable value or not.

  • This check in table 3 and 4 in Form GSTR-7 is removed now. TDS Deductor will be free to report any value under CGST, SGST or IGST columns. System will not check if the amount reported is 2% of the amount paid to the deductee or not and if the CGST and SGST are deducted equally or not. Same is implemented in offline utility also.

6. Population of data from EWB system into Form GSTR-1

At the time of generating E-way bill for outward supply, taxpayers enter the details of outward supplies such as invoice number, date, quantity, value, Tax, HSN code and Consignee GSTIN etc.

  • Taxpayers can now easily import these details of outward supply invoices, as indicated in the e-way bill, at the time of preparation of Form GSTR-1, by clicking the “import EWB Data” button, on the GST portal.

On the GST portal, the “Import EWB Data” button has been added in the following titles of the Form GSTR-1 page

  • 4A, 4B, 4C, 6B, 6C – B2B invoices
  • 5A, 5B – B2C (Large) invoices
  • 12 – HSN wise summary of outward supplies

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