The Goods and Services Tax Network (GSTN) has made available some new Functionalities
for Taxpayers on GST Portal during the month of January, 2022. For ready reference of the readers the new functionalities are briefed as under:
Reduction in the frequency of filing of statement in Form ITC-04, based on aggregate turnover
• Earlier, the taxpayers sending the goods for job work were required to file details of goods, sent and received back or disposed of from the business place of the job worker, in Form GST ITC-04 on a quarterly basis.
• The Law Committee, in its meeting held on 30-06-2021, decided to make the frequency of filing Form GST ITC-04 either half yearly or annual, based on aggregate turnover of preceding financial year.
• Now the taxpayers having aggregate turnover exceeding Rs. 5 Cr in the preceding year will be required to file Form ITC04 on a half yearly basis whereas all other taxpayers would be required to file it on annual basis.
Enhancements in Search HSN functionality
• To help taxpayers search for HSN Code for Goods or Services, the Search HSN facility has now been enhanced where the taxpayer can search the HSN code and the applicable Technical description through common parlance/trade description of the goods/ services as they are known in the Trade. It helps the taxpayers to search HSN Code by providing description or even a part of the description. This facility is available at both pre-login and post-login.
• The users can now navigate Services > User Services > Search HSN > search by Description > and search under Goods or Services by selecting the appropriate radio button and entering the Captcha
Blocking filing of statement of outward supplies in Form GSTR1 in case of non-filing of returns in Form GSTR-3B for the preceding tax period
• Changes have been implemented on the portal in terms of Notification No 35/2021-CT, dated 24th Sept., 2021, amending rule 59 (6) (a) & (b) of the CGST Act.
• Consequently, w.e.f. 1 st January 2022, GSTR-1/IFF filing for a particular period will now be allowed for normal taxpayers (including monthly and quarterly filers) only if the taxpayers have filed the return in FORM GSTR-3B for the preceding tax period.
Earlier non filing of GSTR-3B used to result in blocking of Eway Bill facility but from now on it shall also result in blocking of GSTR-1 of the taxpayer. Similarly, for quarterly return filers, the taxpayer failing to file GSTR-3B for the preceding quarter shall not be permitted to file GSTR-1 of the subsequent quarter.
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