GSTN has recently introduced the GSTR-3B Auto-fill facility to auto-populate system computed details in the form GSTR-3B. The system will auto-populate this form based on the details provided by the taxpayers in the Form GSTR-1 and auto-drafted ITC statement GSTR-2B. Initially, the taxpayers had to file three GST return forms: GSTR-1, GSTR-2, and GSTR-3 to … Read moreGSTR-3B Auto fill Facility
On 8 June 2020, the Central Board of Indirect Taxes and Customs (CBIC) rolled out the facility for GSTR-3B filers to file Nil GSTR-3B through SMS. That means Taxpayers with Nil liability need not log in to the GST portal to file their GSTR-3B. In this article, you will be able to understand: What Is … Read moreFile Nil GSTR-3B Via SMS
All taxpayers registered under GST are required to file Form GSTR-3B wherein, the net GST liability is calculated and then paid. The Goods and Services Tax Network (GSTN) has now made this process easier by auto-populating some values of Form GSTR-3B and presenting such data in the form of a PDF statement. In this article, … Read moreAuto-Populated GSTR-3B
GSTR-3B is a type of GST self-declaration return that has to be filed by the registered person monthly. However, amid the coronavirus outbreak majority of the registered taxable person has neither made any sales nor any purchases resulting in no tax liability. It shall be noted that the registered taxable person may still need to … Read moreHow to File Nil GSTR-3B on GST Portal?
GSTR-3B once filed, cannot be revised. However, the Central Board of Indirect Tax and Customs has enabled the ‘RESET’ option for GSTR-3B. This option will be activated once GSTR-3B is submitted. That means, the taxpayers have an option to reset their GSTR-3B after they have submitted it but before it is filed. Note: GSTR-3B is … Read moreHow To Reset GSTR-3B?
Reconciliation between GSTR 3B and GSTR 1 is a very important step as it helps you to reconcile the mismatches between them. However, not performing reconciliation between GSTR 3B and GSTR 1 can result in show cause notice from the GST authorities. Moreover, you may not be able to file accurate Annual GST Return due … Read moreReconciliation Between GSTR 3B and GSTR 1: Importance, Reasons and Actions
GSTR 2A is an auto-populated GST return that is generated for a taxpayer from GSTR 1 of his sellers. In this article, we are going to discuss GSTR 2A in depth. Table Content What is GSTR 2A? GSTR 2Aand GSTR 3B Comparison GSTR 2A Details The Conclusion FAQ What is GSTR 2A? GSTR 2A … Read moreGSTR 2A : Details, Return Filing, Format
Overlooking the comparison and reconciliation between GSTR 3B and GSTR 2A may hamper the Input Tax Credit (ITC) you have claimed. Along with this, you can verify the claimed ITC during a relevant period. Moreover, reconciliation of GSTR 3B before filing will help you to avoid show cause notices from tax authorities. The following topics … Read moreRevealed: Comparison and Reconciliation of GSTR 3B and GSTR 2A