Summary of recent GST Portal Updates

Summary of recent GST Portal Updates

Below is the summary of recent GST Portal Updates. We hope you shall find the same helpful.

1. Auto-populated Form GSTR 3B (PDF) for the taxpayers, from the month of October 2020 onwards

a. GSTN has introduced auto-populated Form GSTR-3B in PDF format, for benefit of the taxpayers. The auto-populated PDF of Form GSTR-3B will consist of: –

i. Liabilities in Table 3.1(a, b, c and e) and Table 3.2 from Form GSTR-1.

ii. Liability in Table 3.1(d) and Input Tax Credit (ITC) in Table 4 from auto-drafted ITC Statement from Form GSTR-2B.

b. This facility is made available in Form GSTR 3B dashboard from October 2020 tax period onwards.

c. This facility will become available for taxpayers who are registered as Normal taxpayer, SEZ Developer, SEZ unit and casual taxpayer.

d. The system generated PDF will be made available on GSTR-3B dashboard. Taxpayers will be able to access their Form GSTR-3B (PDF) through: Login to GST Portal > Returns Dashboard > Select Return period > GSTR-3B> System Generated 3B.

e. Please note that this statement is for reference purpose only. Taxpayer is required to calculate the Output Tax Lability/Input Tax Credit and Reverse Charge Liability as per GST Law.

2. Auto-population of e-invoice details into GSTR-1

a. Taxpayers having Aggregate Annual Turnover of more than Rs. 500 Cr. are required to prepare and issue their invoices by obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’).

b. Upon successful generation of IRN, details of such e-invoices will be auto-populated in respective tables of GSTR-1. The details of e-invoices available for auto-population along with status of auto-population can also be downloaded as excel file.

3. Update on Blocking of E-Way Bill (EWB) generation facility, after 1st December 2020

a. The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that, E-Way Bill generation facility will be blocked for all Taxpayers irrespective of their Aggregate Annual Turnover who failed to file their GSTR-3B/Form-CMP 8 return (as the case may be) for 2 or more Tax periods from December 1st, 2020.

b. As of now this rule is applicable on taxpayers having Aggregate turnover of more than Rs. 5 Crore.

Official Link for these Updates:

Disclaimer: The entire contents of this document have been prepared based on relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, I assume no responsibility, therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not a professional advice and is subject to change without notice. I assume no responsibility for the consequences of use of such information. In no event I shall be liable for any direct, indirect, special, or incidental damage resulting from, arising out of or in connection with the use of the information.

Tags: GST

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