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GSTN recently introduced functionalities for taxpayers on GST portal. Brief analysis of these functionalities are summarized herein below :

1. New tab for ‘Communication between GST taxpayers’:

The said functionality is introduced to enable communication between the supplier and recipient with respect to any issue for any inward/ outward document. This shall help the taxpayers in vendor and customer communications along with backup of the same for any changes being undertaken in the returns. Please note that no press release, advisory, notification or any such document is made available by Government wherein the use or execution of such service is guided to taxpayer. We expect the same to be rolled out soon

2. Auto-population of GSTR 3B and tracking tax variance between GSTR 1, GSTR 3B and GSTR 2B :

2.1 Variance between GSTR 1 and GSTR 3B: Details of outward supplies are auto-populated from GSTR 1 in table 3 of GSTR 3B. However, the said details are editable and can be entered manually as well with the system indicator appearing with red on reduction of any tax liability by taxpayer in GSTR 3B.

2.2 Auto-population of input Tax credit including reverse charge: The said functionality auto-populates the RCM liability and the input tax credit available to taxpayer basis GSTR 2B for the current month. However, these auto-populated details are editable with an indicator flag as red, when the tax variance between the auto-populated credit and credit edited by taxpayer is more than 10%. Further, where the system indicator flag is red, taxpayer is required to provide reasons for credit availment while filing GSTR 3B.

3. Facility to file annual return in Form GSTR-9 for FY 2019-20 is now available: The form is enabled for taxpayers whose Table 8A computation has been completed by GSTN.

Please note the above analysis is based on personal understanding of the facts.

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May 2024