New Delhi: GST Council Officials said the meeting to be held next week is likely to consider the proposal for changes in monthly tax payment form GSTR-3B, which would include auto-population of outward supplies from sales returns and non-editable tax payment tables. The move will help curb the menace of fake billing whereby sellers will show excess sales in GSTR-1 so that buyers can claim Input Tax Credit (ITC) but report suppressed sales in GSTR-3B GST liability.
Presently, a taxpayer’s GSTR-3B includes auto drafted Input Tax Credit (ITC) details based on inward and outgoing B2B supplies and also red flags any mismatch between GSTR-1 and 3B.
As per the changes proposed by the Law Committee of the GST Council, there will be auto-population of values in GTSR-1 to GSTR-3B in specific rows to establish a fairly one-to-one correspondence between the two rows. Return form, thereby providing clarity to the taxpayer and the tax authorities.
An official said the changes will reduce the need for user input in GSTR-3B and simplify the GSTR-3B filing process.
The tax payment table in Form GSTR-3B will be auto-populated from other tables in the form and will be non-editable as per the revised form recommended by the Legal Committee of the Council.
Noting that the amendment in Form GSTR-3B should, as far as possible, be from the amendment in Form GSTR-1, with respect to external liabilities, the Committee suggested that in order to give more clarity to the taxpayers, a separate amendment table (for liabilities). To be introduced in GSTR-3B, so that any amendment made in Form GSTR-1 is clearly reflected in GSTR-3B.
Similarly, a revision table may also be included in GSTR-3B to show any amendment in ITC portion, suggested the committee.
Once the changes proposed by the Law Committee get the in-principle approval of the GST Council, the revised form will be placed in the public domain for stakeholder consultation. The GST Council will approve the final form in a meeting later.
Currently, taxpayers file details of outward supplies in GSTR-1 by the 11th day of the following month, while taxes are paid by filing GSTR-3B between 20th, 22nd and 24th of every month for different categories of taxpayers. Is.
Commenting on the proposed changes in GSTR-3B, Rajat Mohan, Senior Partner, AMRG & Associates said that tax filing for e-commerce operators providing passenger transport services, accommodation services, housekeeping services and cloud kitchens is set to change. Such e-commerce players will now be liable to report the supplies on behalf of the suppliers in their GSTR-1 and GSTR-3B in separate cells.
“E-commerce players like Uber, Swiggy, Zomato and MMT will see some changes in monthly tax filings, which will ensure more data points for government systems for big data analytics,” Mohan said.
Presently, a taxpayer’s GSTR-3B includes auto drafted Input Tax Credit (ITC) details based on inward and outgoing B2B supplies and also red flags any mismatch between GSTR-1 and 3B.
As per the changes proposed by the Law Committee of the GST Council, there will be auto-population of values in GTSR-1 to GSTR-3B in specific rows to establish a fairly one-to-one correspondence between the two rows. Return form, thereby providing clarity to the taxpayer and the tax authorities.
An official said the changes will reduce the need for user input in GSTR-3B and simplify the GSTR-3B filing process.
The tax payment table in Form GSTR-3B will be auto-populated from other tables in the form and will be non-editable as per the revised form recommended by the Legal Committee of the Council.
Noting that the amendment in Form GSTR-3B should, as far as possible, be from the amendment in Form GSTR-1, with respect to external liabilities, the Committee suggested that in order to give more clarity to the taxpayers, a separate amendment table (for liabilities). To be introduced in GSTR-3B, so that any amendment made in Form GSTR-1 is clearly reflected in GSTR-3B.
Similarly, a revision table may also be included in GSTR-3B to show any amendment in ITC portion, suggested the committee.
Once the changes proposed by the Law Committee get the in-principle approval of the GST Council, the revised form will be placed in the public domain for stakeholder consultation. The GST Council will approve the final form in a meeting later.
Currently, taxpayers file details of outward supplies in GSTR-1 by the 11th day of the following month, while taxes are paid by filing GSTR-3B between 20th, 22nd and 24th of every month for different categories of taxpayers. Is.
Commenting on the proposed changes in GSTR-3B, Rajat Mohan, Senior Partner, AMRG & Associates said that tax filing for e-commerce operators providing passenger transport services, accommodation services, housekeeping services and cloud kitchens is set to change. Such e-commerce players will now be liable to report the supplies on behalf of the suppliers in their GSTR-1 and GSTR-3B in separate cells.
“E-commerce players like Uber, Swiggy, Zomato and MMT will see some changes in monthly tax filings, which will ensure more data points for government systems for big data analytics,” Mohan said.