GSTN has informed on its portal, that system computed values of GSTR-1 Statement (Monthly filers), have been made available in Form GSTR-3B, as PDF statement on GST Portal.
For ready reference of our readers the communication of GSTN in this regard is reproduced below:
- A pdf statement has been made available to taxpayers, filing monthly GSTR-1 statement, with system computed values of Table 3 of Form GSTR-3B. This PDF will be prepared on the basis of the values reported by them, in their GSTR-1 statement, for the said tax period.
- This PDF will be available on their GSTR-3B dashboard, from tax period of August 2020 onwards, containing the information of GSTR-1 filed by them on or after 4th September 2020. This will make filing of their Form GSTR-3B easier for them.
- This facility is provided to all taxpayers registered as a Normal taxpayer, SEZ Developer, SEZ unit and casual taxpayer.
- Tables of Form GSTR 3B will be Auto-Drafted in pdf statement: Following Tables of Form GSTR-3B will be auto drafted, on basis of values reported in GSTR-1 statement, for the said period:
- 3.1(a) – Outward taxable supplies (other than zero rated, nil rated and exempted)
- 3.1(b) – Outward taxable supplies (zero rated)
- 3.1(c) – Other outward supplies (Nil rated, exempted)
- 3.1(e) – Non-GST outward supplies
- 3.2 – Supplies made to un-registered persons
- 3.2 – Supplies made to composition taxable persons
- 3.2 – Supplies made to UIN holders
- In this, following points may be noted:
- In case, any of the above values is negative as per GSTR-1 statement, those figures would be mentioned as Zero in the auto-drafted PDF and will not be carried forward to next period.
- Turnover & tax are computed after taking into account credit notes, debit notes, amendments and advances, if any.
- Only filed GSTR-1 statements are considered for auto-population of the values in Form GSTR-3B.
- This PDF is only for assistance of taxpayers to get the auto drafted values of Table 3 of their Form GSTR 3B (as per their filed GSTR 1 statement). Taxpayers, however, are required to verify & file their Form GSTR-3B, with correct values.
***
[rainbow]Don’t miss the next GST Update / Article / Judicial pronouncement[/rainbow]
Subscribe to our newsletter from FREE to stay updated on GST Law
Resolve your GST queries from national level experts on GST free of cost.
TW Editorial Team comprises of team of experienced Chartered Accountants and Advocates devoted to spread the knowledge of GST amongst the various stakeholders.