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September 7, 2020

Know Recent Changes in GSTR 3B filing which make filing easier

by CA Shivam Jaiswal in GST

Know Recent Changes in GSTR 3B filing which make filing easier

System computed GSTR-3B (Table-3 for liabilities) on the basis of GSTR-1 filed by taxpayers now available on the GST portal for monthly GSTR-1 filers.

1. Are the values mentioned in the system computed PDF for GSTR-3B (Table-3 for liabilities) final?

Answer: NO. This facility is for your assistance only. The values in the system generated GSTR 3B should be verified by you before filing GSTR 3B.

2. What will the system computed liability PDF contain?

Answer: The PDF will contain system computed liabilities for GSTR-3B (Table-3), along with the break-up, on the basis of GSTR-1 filed.

3. Is this facility available for both, monthly and quarterly filers?

Answer: As of now, this facility is available for monthly filers. It will be made available for quarterly GSTR-1 filers too in due course.

4. Where can I find the system computed GSTR-3B in PDF format, as generated on the basis of monthly GSTR-1?

Answer: On your GSTR-3B Dashboard.

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5. When will the system computed liability be prepared?

Answer: The system will compute and generate PDF mentioning liability, few minutes after the monthly GSTR-1 has been filed.

6. GSTR 3B filing made easier! How?

Answer: For the GSTR-3B for Aug 2020 & onward, the system will compute liabilities (Table-3 of Form GSTR-3B) in PDF format from GSTR-1 filed. This data can be used to file GSTR 38, which will avoid discrepancy between GSTR-1 and GSTR-3B.

Generating PDF for system computed liabilities explained in simple steps :

  • File GSTR-1 for the month
  • System computed PDF to be made available on GSTR-3B dashboard
  • Download and view the system computed PDF of GSTR-3B (Table-3 mentioning liabilities)
  • File GSTR-3B with the assistance of system computed PDF, after verifying the values

7. How will system computed GSTR-3B (Table-3 for liabilities) on the basis of GSTR-1 assist taxpayers?

Answer:

Taxpayer

  • Assistance to the taxpayer in filing of GSTR-3B
  • Minimising errors and mismatch in return filing
  • Assisting long-term reconciliation of GSTR-1 and GSTR-3B
  • Minimising manual errors which delay refund
  • Improving overall taxpayer compliance

8. Who is it for ?  

Answer: Registered Taxpayers (Normal Taxpayer, Sez Developer, Sez Unit and Casual Taxpayer) GST practitioners (can only save & not file the return)

9. Is the system-computed and prepared liability PDF for GSTR-3B final?

Answer: No. This facility is for your assistance only. Make sure to verify the values before filing GSTR-3B.

10 . How will it help Taxpayers?

Answer:

  • Ease of use while filing of GSTR-3B.
  • Minimising errors and mismatch in return filing
  • Assisting long term reconciliation of GSTR-3B
  •  Minimising manual errors which delay refund
  • Improving overall taxpayer compliance  

11. The GSTN has enabled the option to mention the Negative figures in Table 3 of Form GSTR-3B

Press Release by GSTN

System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR-3B, as PDF statement on GST Portal

  1. 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.
  2. 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.
  3. This facility is provided to all taxpayers registered as a Normal taxpayer, SEZ Developer, SEZ unit and casual taxpayer.
  4. 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
  5. 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.
  6. 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.

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