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Return- Filing Form GSTR-3B, through EVC
♣ The taxpayers who are required to mandatorily use DSC to file Form GSTR-3B, now have an option to file it using EVC.
♣ This is applicable to for all categories of Companies (including Limited Liability Partnerships and PSUs), registered under Companies Act, 2013.
♣ This option is available for returns filed in Form GSTR-3B during the period starting from 21-04-2020 to 30-06-2020.
Return – Adjustment of negative ITC, while distributing credit to its units by ISD, through Form GSTR- 6
- The persons registered as ISD can distribute ITC among its Units by filing Form GSTR-6, every month.
- Previously, ISD were not able to adjust negative ITC to its units, under a major head through ITC available under another major head. For example, if in a particular month, no ITC had accrued under a head but ITC reversal was required to be done under that head or in cases where no inward supplies under a head but receipt of Credit Note(s) under that head for past supplies etc.
- ISD would now be able to adjust negative ITC while distributing credit through Form GSTR 6.
Payment – Creation of Electronic Cash ledger and Liability Register for UIN holders
- UIN holders can claim refund under section 55 of the GST Act. The facility of cash ledger and liability register was not provided to UIN holders earlier, as they were only claiming refunds.
- As there is no check on invoices reported in Form GSTR-11, for claiming refund, it was possible for the UIN holders to claim excess refund in Form GST RFD-10, inadvertently.
- In such a scenario, there was no mechanism in place for the UIN holder to deposit the excess refund claimed voluntarily or for the Tax Officer to create a demand against them.
- A cash ledger and a Liability Register, for UIN holders, has now been created on the GST portal.
- A facility to make payment through challan has also been created in the Payment module for UIN holders.
- The UIN would now be able to make payment of the amount of excess refund claimed, on voluntary basis, through Form GST DRC-03. It would also be possible for the Tax Officer to post the liability in Liability Register (Part-II), if the UIN holder does not pay the excess amount voluntarily
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HOW TO SHOW NEGATIVE SALE IN GST 3B IF THERE IS MORE CREDIT NOTE AS COMPARE TO SALE