GSTN issued Advisory on Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B):

GSTN issued Advisory on Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B) The Goods and Services Tax Network(GSTN) has issued advisory on Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B). It is informed that GSTN has developed a functionality to enable the taxpayer to explain the difference in GSTR-1 & 3B return online as directed by the GST Council. This feature is now live on the GST portal. For each return period, the functionality compares the obligation stated in GSTR-1/IFF to the liability paid in GSTR-3B/3BQ. If the declared obligation exceeds the paid liability by a specified limit or the percentage difference exceeds the configurable threshold, the taxpayer will get a DRC-01B notification. If a taxpayer receives an intimation, he or she must respond in Form DRC-01B Part B, offering clarification through the automatic dropdown and specifics about the disparity, if not included in the dropdown. A full handbook covering navigation instructions is accessible on the GST portal to better assist taxpayers with the capabilities. It provides step-by-step guidance and tackles numerous functionality-related issues. To Read the Step by Step Instructions Download PDF Given Below: