GST return filing process: Hard-locking of auto-populated values in GSTR-3B Form; check details
The GST Portal now has a pre-filled GSTR-3B form, which automatically populates the tax liability from the declared supplies in GSTR-1/GSTR-1A/IFF, and the Input Tax Credit (ITC) from GSTR-2B.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} GSTN has been continuously enhancing the GST return filing process to assist taxpayers in filing their returns accurately and reducing manual errors. Moreover, the system generates a detailed PDF for each taxpayer, containing the auto-filled GSTR-3B form, stated the Goods and Services Taxes website.
What is the new facility
Taxpayers now have the option to rectify their inaccurately reported outward supply in GSTR-1/IFF through GSTR-1A, giving them a chance to make necessary corrections before submitting their GSTR-3B. Additionally, taxpayers can use the newly accessible Invoice Management System (IMS) to handle inward supplies and guarantee suitable ITC claims in GSTR-3B. With this system, taxpayers can make informed choices about accepting, rejecting, or awaiting inward supplies.
“It may be noted that tentatively from January 2025 tax period, the GST Portal is going to restrict making changes in auto-populated values in pre-filled GSTR-3B from GSTR-1/1A/IFF or GSTR-2B to further enhance accuracy in return filing system. It is once again suggested hereby that in case any change is required in auto-populated values, the same may please be handled through GSTR-1A or IMS,” stated the GST website.
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What is Form GSTR-3B?
Form GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities, according to the FAQs on the GST website. A normal taxpayer is required to file Form GSTR-3B returns for every tax period.
Who needs to file Form GSTR-3B?
All normal taxpayers and casual taxpayers are required to file Form GSTR-3B.
Where can I file Form GSTR-3B?
Form GSTR-3B can be filed from the returns section of the GST Portal. In the post login mode, you can access it by going to Services > Returns > Returns Dashboard. After selecting the financial year and tax period, Form GSTR-3B, (if applicable), in the given period will be displayed.By when do I need to file Form GSTR-3B?
For monthly filers, due date for filing of Form GSTR-3B is 20th day of the month following the month (tax period) for which the return pertains.For quarterly filers, due date for filing of Form GSTR-3B, as notified for different States/UTs, is 22nd and 24th day of the month following the quarter for which the return pertains.
However, due date for filing of Form GSTR-3B can be extended by Government through notification.
How can I file nil Form GSTR-3B?
You can file nil Form GSTR-3B by navigating to Services > Returns > Returns Dashboard. Select the Financial Year and Returns Filing Period and click the GSTR3B tile.Select Yes for option A 'Do you want to file Nil return?'. You can file nil Form GSTR-3B by affixing the applicable signature.
Nil Form GSTR-3B can be filed via SMS too.
When will the system generated GSTR-3B be generated?
System generated Form GSTR-3B will be generated and will be available on their GSTR-3B dashboard page on the basis of Form GSTR-1 or Form GSTR-2B (monthly or quarterly frequency), after Form GSTR-1 has been filed by taxpayer and/or Form GSTR-2B has been generated.Note: Values that are auto-drafted in the system generated GSTR-3B from Forms GSTR-1 and GSTR-2B and previous period GSTR-3B should are not final and are editable by the taxpayer.
What values gets auto-populated from Form GSTR-1 & GSTR-2B to Form GSTR-3B?
The Form GSTR-3B is auto-populated on the basis of values declared by respective supplier’s in their Form GSTR-1 and the system generated Form GSTR-2B. The table-wise details of auto-population are as follows:GSTR-3B tableGSTR-2B tableGSTR-1 tableReference 3.1(a)NA4A, 4B, 4C, 5A, 5B, 6 C, 7A_1, 7B_1, 9A, 9B, 9C, 10 A, 10 B, 11_ I _A1, 11_ I _A2, 11_ I _B1, 11_I_B2, 11_IIThis is auto-populated from FORM GSTR-1. Positive values shall be reported in respective tables. Negative values, if any, shall not be considered in the table and system will provide the value as zero.
Negative values may arise in these tables due to credit notes and downward amendment of outward supplies. 6A, 6B, 9A, 9B, 9C3.1(b) 8 (Columns 2 and 3) 3.1(c) 3.1(e) 8 (Column 4)3.2 Details of Outward supplies5A, 7B_1, 9A, 9B, 9C, 10B, 11_ I _A2, 11_I_B2, 11_II 3.1(d) Inward supplies liable to reverse charge 3 Part A Section III 4 Part A Section IIINAThis is auto-populated from FORM GSTR-2B. Positive values shall be reported in respective table. Positive values get auto populated.
However, if GSTR-2B value is in Negative, then system auto-populates zero in GSTR-3B.4A ( 1)Table 3 Part A Section IV NASystem will auto-populate on net basis (i.e., values can be positive or negative, as the case may be). 4A (3) ITC Available – Inward supplies liable to reverse charge (other than 1 & 2 above)(a) Table 3 Part A Section III
(b) Table 3 Part B Section I–[B2B–Credit notes (Reverse charge)+B2B–Credit notes(Reverse charge) (Amendment)]
(c) Table 4 Part B Section I– [B2B–Credit notes (Reverse charge) + B2B–Credit notes (Reverse charge) (Amendment)]
4A(3) = (a) – (b) – (c)
NASystem will auto-populate on net basis (i.e., values can be positive or negative, as the case may be).
Note: Above sections covers Invoices, Debit notes and Credit notes on net basis.
4A (4) ITC Available – Inward Supplies from ISD(a) Table 3 Part A Section II
(b) Table 3 Part B Section I– [ISD–Credit notes + ISD –Credit notes (Amendment)]
(c) Table 4 Part B Section I – [ISD–Credit notes + ISD–Credit notes (Amendment)]
4A(4) = (a) – (b) – (c)
NASystem shall auto-populate on net basis (i.e., values can be positive or negative, as the case may be).
Note: Above sections covers Invoices and Credit notes on net basis.
4A (5)
ITC Available – All other ITC - Supplies from registered persons other than reverse charge(a) Table 3 Part A Section I
(b) Table 3 Part B Section I – [B2B– Credit notes+ B2B–Credit notes (Amendment)]
(c) Table 4 Part B Section I –[B2B–Credit notes + B2B–Credit notes (Amendment)]
4A(5) = (a) – (b) – (c)
NASystem shall auto-populate on net basis (i.e., values can be positive or negative, as the case may be).
Note: Above sections covers Invoices, Debit notes and Credit notes on net basis.
4D ( 2)
Ineligible ITC under section 16(4) & ITC restricted due to PoS rules(a) Table 4 Part A Section I,
(b) Table 4 Part A Section II
(c) Table 4 Part A Section III NAThis is auto-populated from FORM GSTR-2B. This covers the following:
Invoices and Debit Notes (including amendment) on which ITC is not available (Due to Section 16(4) Rule and POS is in supplier’s state) will be auto-populated in table 4D(2) of GSTR-3B.
Note: In case GSTR-2B table has negative value, then accordingly ITC tables 4A(1), 4A(3), 4A(4) and 4A(5) and 4D(2) shall be auto populated with negative values.
Can I edit the values auto-populated from Forms GSTR-1 & GSTR-2B in Form GSTR-3B?
Yes, as of now, the auto-populated values in GSTR-3B are kept editable. However, the tile with the edited field will be highlighted in RED, and a warning message will be displayed in case the values are edited in the following manner:-Table 3.1 (a,b,c,d,e ), 4B & 3.2 – if edited downwards
-Table 4A – if edited upwards
The System will provide both auto-populated values and edited values on hovering the mouse over the box.
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This story originally appeared on: India Times - Author:Faqs of Insurances
