The GSTN has deployed various new functionalities on the GST portal for the benefit & ease of taxpayers. Below is a brief compilation of all such new functionalities in the GST Portal deployed in June, 2021 for taxpayers:
1. Moving the records saved in IFF, to later months of same Quarter, by taxpayers under QRMP Scheme
The taxpayers under QRMP Scheme have been provided with an optional Invoice Furnishing Facility (IFF), to furnish details of their B2B Invoices and amendments thereto, for first two months of a quarter. Following enhancements have been made in IFF:
Note: Records under submitted (or filed) stage cannot be moved by above functionality.
2. Auto population of GSTR-3B liability, for taxpayers under QRMP Scheme, from their IFF and GSTR 1:
A taxpayer under QRMP Scheme can declare their liability through optional IFF for Month 1 and Month 2 of a quarter & Form GSTR-1 for Month 3 of the quarter. Declaration of liability in these forms, would now be auto-populated in their Form GSTR-3B (Quarterly) of that quarter, based on their filed Form GSTR-1 and IFF.
Filing for refund of accumulated ITC by taxpayers making exempt/ nil-rated supplies, by selecting an option of not having an LUT number in the refund application
– I have a valid LUT number.
– I don’t have a valid LUT number, since I am making only exempt/ nil rated supplies.
Timelines for filing of Application for Revocation of Cancellation of Registration in Form GST REG-21
In view of the spread of pandemic COVID-19 across many parts of India, vide Notification No 14/2021-CT, dated 1st May, 2021, read with vide Notification No 24/2021-CT, dated 1st June, 2021, the Government had extended the date for filing of various applications falling during the period from the 15th April, 2021 to 29th June, 2021, till 30th June, 2021.
In addition to this, timeline for filing of Application for Revocation of Cancellation of Registration, which were due on 15th of April 2021, had also been extended till 30th June 2021 on the GST Portal.
Accordingly, these extensions have now ceased to be effective w.e.f. 1st July, 2021, and timelines for filing of application for revocation of cancellation is now changed to 90 days (as was earlier) on the GST Portal, from date of Order of Cancellation of Registration in Form GST REG-19.
1. Facility to view ledger for 12 months and its download
Taxpayers have now been provided with a facility to view their ledgers (viz. Electronic Credit Ledger, Electronic Cash Ledger and Electronic Liability Register (Part-I & II)) on their dash board, for a period of 12 months instead of 6 months earlier. The details can now also be downloaded in pdf and Excel formats.
2. Transfer of amount in cash ledger, between major/minor heads, by Temp ID holders and unregistered applicants
Temp ID holders and unregistered applicants have also now been provided with the functionality, to transfer the amount within cash ledger from one major/minor head to another major/minor head, through Form GST PMT-09.
3. Negative liability statement made available to composition taxpayers
Inclusion of common names in the HSN Directory and its download in excel format by the taxpayers
Disclaimer: The article is for informative purposes only.
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