New Functionalities for Taxpayers on GST Portal June 2021

GSTN released tutorial of Module wise new functionalities deployed on the GST Portal for taxpayers on https://www.gst.gov.in/ in News and Updates on 09/07/2021. Out of which, the Taxpayer functionalities deployed on the GST Portal during June 2021 are mentioned below:-

• Returns – Moving the records saved in IFF, to later months of same Quarter, by taxpayers under QRMP Scheme:-
• The records which are saved and time to Submit IFF has expired, in such a case
• Records can be moved only within a quarter.
• At the time of filing quarterly GSTR-1, taxpayers will get a pop-up prompting them to either MOVE the records by selecting YES or delete them by selecting NO
• Records that are submitted cannot be moved by this functionality
• Returns – Auto population of GSTR-3B liability, for taxpayers under QRMP Scheme, from their IFF and GSTR 1:-

Liability in Quarterly GSTR-3B shall be auto-populated based on their filed Form GSTR-1 and IFF.

• Refund – Filing for a refund of accumulated ITC by taxpayers making exempt/nil-rated supplies, by selecting an option of not having a LUT number in the refund application:-

A taxpayer making exempt and/or nil-rated supplies, without LUT, while applying for refund of accumulated ITC, on account of exports of goods and services and supplies made to SEZ, both without payment of tax, can now select I don’t have a valid LUT number, since I am making only exempt/ nil rated supplies.

• Ledgers – Facility to view ledger for 12 months and its download:-

Now Electronic Credit Ledger, Electronic Cash Ledger and Electronic Liability Register can be viewed and downloaded in PDF/Excel for 12 months (Earlier it can be seen/downloaded for 6 months).

• Ledgers – Transfer of amount in cash ledger, between major/minor heads, by Temp ID holders and unregistered applicants:-

GST PMT-09 functionality is also available for Temp ID holders and unregistered applicant

• Ledgers – Negative liability statement made available to composition taxpayers:-

In case composition taxpayer has negative liability (and if no amount is required to be paid by the taxpayer (during that period)), the said negative liability will be maintained in Negative liability statement.

This negative balance will be automatically adjusted against the liabilities of subsequent tax period(s).

The statement would be accessible to them, post-login https://www.gst.gov.in/ by navigating to Services > Ledgers > Negative Liability Statement

• Inclusion of common names in the HSN Directory and its download in excel format by the taxpayers:-

The HSN Master has been updated on the GST Portal and now it includes product names commonly used in Trade corresponding to a particular HSN code.

A download facility for the entire HSN directory in Excel Format has also been provided. This facility is available both in Pre and Post Login on GST Portal as a part of the ‘Search HSN’ functionality.

For queries and discussion, Author can be reached at [email protected]