New Updates introduced on GST Portal by GSTN

New Updates introduced on GST Portal by GSTN

List of Preferred Banks list while making Payment

Every Time a Taxpayers Makes GST Payments using a Bank, it will be updated in the Preferred Banks list.

Upto 6 Preferred Banks will be shown to a taxpayer while making E-Payment on GST Portal

Monthly Refund applications by Quarterly GSTR-1 filers

Monthly Refund applications by Quarterly GSTR-1 filers The GSTN has further removed the restriction for applying for a refund on a quarterly basis for quarterly GSTR 1 filers.

The taxpayers can now file refund application on a monthly basis even if Form GSTR1 is filed quarterly.

Auto approval of Appeals filed by Taxpayer or Tax Department

Application for appeal has to be submitted by the Appellant (Tax payer or Tax Department) to the First Appellate Authority. The Appellant also needs to submit certified copies within 7 days from the date of application or within the time limit allowed. The Appellate Authority may either admit the appeal by issuing the final acknowledgement or reject the application.

In case Appellate Authority fails to issue final acknowledgement to the appellant within the stipulated time, then a system generated final acknowledgement will now be issued to the appellant with a remark subject to validation of certified copies

Release of API related to Assessment and adjudication

Following API released

Assessment of non filers of Returns

Summary Assessment

Rectification of mistakes

Removal of validation of 2% in Form GSTR-7

At the time of filing of Form GSTR-7, as of now, system checks if total amount deducted is 2% of the taxable value or not.

This check in table 3 and 4 in Form GSTR-7 is removed now. TDS Deductor will be free to report any value under CGST, SGST or IGST columns. System will not check if the amount reported is 2% of the amount paid to the deductee or not and if the CGST and SGST are deducted equally or not. Same is implemented in offline utility also.

Population of data from EWB system into Form GSTR-1

At the time of generating E-way bill for outward supply, taxpayers enter the details of outward supplies such as invoice number, date, quantity, value, Tax, HSN code and Consignee GSTIN etc.

Taxpayers can now easily import these details of outward supply invoices, as indicated in the e-way bill, at the time of preparation of Form GSTR-1, by clicking the import EWB Data button, on the GST portal.

On the GST portal, the Import EWB Data button has been added in the following titles of the Form GSTR-1 page

4A, 4B, 4C, 6B, 6C B2B invoices

5A, 5B B2C (Large) invoices

12 HSN wise summary of outward supplies