GSTN – Upcoming changes/initiatives:-
♦ SMS based NIL Return filing for GSTR-3B and GSTR-1.
♦ Improvements in GSTR-2A to show the status of filing of GSTR-1 and GSTR-3B by the supplier.
♦ To show status of amendment of invoice with month of amendment.
♦ Providing detail of invoices considered for computation in table 8A of GSTR-9.
♦ Flow of ITC due to IGST paid on import from ICES to GST System.
♦ Linking GSTR-1 with GSTR-3B (for flow of liability). PDF mail of filled GSTR-3B.
♦ Linking GSTR-2A/2B & ICEGATE data with GSTR-3B for better ITC management.
♦ Delinking of credit/debit notes with invoices in GSTR-1
GSTN – Upcoming changes with Matching Tool/Reconciliation Features:-
♦ Matching Tool for comparison of system drafted purchase register and own purchase register.
♦ Facility to create Vendor Master /HSN masters on taxpayer dashboard.
♦ Communication of channel between buyer and supplier for missing invoices.
♦ Improvement of Comparison Table of liability and ITC.
The general direction of user experience improvement:-
♦ Enabling GSPs to do some more activities.
♦ Compilation of common errors and way around.
♦ Showing the status of the application after every stage of processing.
Facilitation in filing GSTR-3B
The following new features are made available to taxpayers:
- The system computed summary of GSTR-3B is available based on filed GSTR-1/IFF, GSTR-2B and GSTR-3B (previous period). It can be downloaded by clicking on ‘SYSTEM GENERATED GSTR-3B’ button.
- The summary is generated for tables 3.1 (a), (b), (c), (e) and table 3.2 from filed GSTR-1/IFF.
- Table 3.1(d) and 4(A)(1), (3), (4), (5) and 4(B)(2) is auto-drafted based on GSTR-2B.
- System has computed interest in Table 5.1 on account of the delayed filing in previous period.
- The values so auto-drafted may be used to fill in relevant tables in FORM GSTR-3B.
- System computed PDF for liability in GSTR-3B
Note: This summary is generated for information and guidance purposes only. Please enter correct values, after due verification.
Challenges in ITC declaration using GSTR-2A:-
♦ Dynamic statement
♦ Has both uploaded and filed documents
♦ No system aid to determine available ITC
♦ Document sit in original tax period hence difficult in reconciliation
♦ Long time for downloading GSTR-2A
Introducing GSTR-2B:-
♦ Static Statement generated monthly
♦ PDF and Emailer
♦ Document-level ITC Available and Unavailable
♦ ITC summarization aligned with GSTR-3B
♦ Instant download of PDF, EXCEL
♦ Filter and Search options
♦ Advance search to view documents beyond 1000 record.
GSTR-2B Home Screen
What is the process of GSTR 1 return file?