GSTN has introduced certain new functionalities in GST Portal during the month of December, 2022 in regard to filing of GST Returns. For ready reference of our readers the same are given as under:
Re-compute Interest button in Table 5.1 of Form GSTR-3B
A RE-COMPUTE INTEREST button has been provided in Table 5.1 of Form GSTR 3B which enables the taxpayers to re-compute interest in case they feel there is any discrepancy in the system computed interest. On click of the RE-COMPUTE INTEREST button, the system will re-compute the interest and update the system generated Form GSTR-3B PDF.
Enabling validation at 4- digit HSN declaration in Table-12 of GSTR-1
A validation has been implemented in Table-12 of Form GSTR-1 wherein the taxpayers with AATO up-to Rs.5 crores have to mandatorily enter minimum 4 digits of HSN. A warning message shall be displayed if less than 4 digits are entered.
Implementing Sequential Filing of Form GSTR-1 and filing of Form GSTR-1 prior to Filing of Form GSTR-3B
• From October-2022, tax period onwards, filing of Form GSTR-1 has been made sequential. The system would not allow filing of Form GSTR-1 until the GSTR-1 for the previous return period is filed. This would apply to both Monthly and Quarterly filers.
• In addition, w.e.f. October-2022 tax period onwards, filing of Form GSTR-1 before filing of Form GSTR-3B for a particular tax period has been made mandatory on the portal. This would apply to both Monthly and Quarterly filers.
Validation to check duplicate entries in Form GSTR-2B
• From the period Sep 2021, onwards, an option was provided to the taxpayers to pull the BoE details in Form GSTR-2B in case it was not populated automatically from ICEGATE using ‘Fetch Bill of Entry’ functionality.
• However, in absence of a check in the system in some cases the BoE details were getting populated twice in taxpayer’s Form GSTR-2B.
• A validation has now been implemented on the portal so as to ensure that BoE details do not get populated twice in Form GSTR-2B.
Turnover threshold validation on filing by composition taxpayers.
With effect from FY 2021-22, a validation has been implemented on the portal so as to ensure that a taxpayer whose aggregate turnover exceeds Rs.1.5 crore for goods and/or Rs.50 lacs for goods and services will not be able to file quarterly statement in Form CMP08 and annual return in Form GSTR-4. An alert message will be displayed on the taxpayer’s dashboard in such cases.
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Frah Saeed is a law graduate specializing in the core field of indirect taxes and is the Co-founder of taxwallah.com. She has authored many publications on GST and is into full-time consultancy on GST to big corporates. She as a part of taxwallah.com heads a team comprising of Chartered Accountants and Advocates and plays a key role in our mission to disseminate GST knowledge to all.
