Archives December 2020

Update on auto-population of e-invoice details into GSTR-1

30/11/2020

1. 1. Certain notified taxpayers have been preparing and issuing invoices by obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). Details from such e-invoices are be auto-populated in respective tables of GSTR-1.

An update on the status of such auto-population was earlier published on 13/11/2020.

1. 1. Due to some unanticipated issues, there has been delay in auto-population of e-invoice details into GSTR-1.

Hence, such taxpayers who had reported e-invoices should not wait for auto-populated data and they are advised to proceed with preparation and filing of GSTR-1 for the months of November, 2020 (before the due date) and for October, 2020 (in case not yet filed, as on date).  

1. 1. The auto-population of e-invoice details pertaining to the period December, 2020 into GSTR-1 (in incremental manner on T+2 day basis) will start in the first week of December.

1. 1. The details of e-invoices pertaining to periods of October and November, 2020, would be processed and made available in incremental manner from 13^th December 2020 onwards. The processing and availability of complete data for the months of October and November, 2020 may take upto 2 weeks.

1. 1. The detailed advisory with methodology of auto-population etc. is already made available on the GSTR-1 dashboard (‘e-invoice advisory’) and also e-mailed to relevant taxpayers.

1. 1. It may also be noted that the auto-population of details from e-invoices into GSTR-1 is only a facility for the taxpayers. After viewing the auto-populated data, the taxpayer shall verify the propriety and accuracy of the amounts and other data in each field, especially from the perspective of GSTR-1 and file the same, in the light of relevant legal provisions.

1. 1. Once the auto-population into GSTR-1 gets started, the taxpayers are requested to verify the documents present in the excel and may share feedback on GST Self Service Portal, on below aspects:

1. 1. • All documents reported to IRP are present in excel
      • Status of each e-invoice/IRN is correct
      • All the details of document are populated correctly

Webinar for taxpayers on QRMP Scheme

15/12/2020

With effect from 1st January, 2021, all taxpayers with Aggregate Annual Turnover of up to Rs 5 Cr. in the previous financial year and filing Form GSTR 3B, persons obtaining a new registration and taxpayers opting out of Composition Scheme would be able to avail of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme on GST Portal.

In this regard, GSTN would be conducting following webinars for taxpayer awareness.

You are requested to join the live event on YouTube by clicking on the link given above.

Thanking you,

Auto population of details in Form GSTR-3B from Form GSTR 1 & GSTR 2B

15/12/2020

1. 1. Auto Populated details in Form GSTR 3B: Now, auto-population of system computed details in Form GSTR-3B, has been enabled for taxpayers (filing their Form GSTR-1 on monthly basis), from November 2020 Tax Period onwards. The same will be done based on the following:

1. 1. 1. Liabilities in tables-3.1 & 3.2 of Form GSTR-3B (except Table-3.1 (d) pertaining to inward supplies liable to reverse charge), are computed by the system on the basis of details of outward supplies as filed in Form GSTR-1 for the tax period
      2. Input Tax Credit (ITC) details and details of inward supplies liable to reverse charge, to be reported in Tables-4 and 3.1 (d) respectively, are computed as per system generated Form GSTR-2B for the tax period

1. 2. PDF Format of FORM GSTR-3B: The table-wise computation of the values, auto-populated in Form GSTR-3B, is made available in PDF format also on the Form GSTR-3B dashboard. The same can be downloaded by clicking on the “System Generated GSTR-3B” tab.

1. 1. Salient features:

1. 1. 1. These system computed auto populated values are only for assisting the taxpayers in filing their Form GSTR 3B. Taxpayers have to ensure the correctness of the values being reported and filed in Form GSTR-3B.
      2. The system will prompt the taxpayers with an alert in cases where the variance of the edited values from the auto-populated values is higher than a particular threshold. Taxpayers can change/ edit the auto populated values in Form GSTR-3B.
      3. In case taxpayer has not filed Form GSTR-1 for the period, system generated summary will display the respective values as ‘Not filed’. Similarly, if Form GSTR-2B is not generated for the period, system generated summary will display the respective values as ‘Not generated’.
      4. If the taxpayer has entered & saved any values in Form GSTR-3B before auto-population by the system, the saved values will not be changed/over-written by the system.
      5. Table 5 and 6.2 of FORM GSTR-3B is not part of the PDF & will not be auto-populated by the system.

1. 2. Click here for details.

Thanking you,

Due dates for filing of Form GSTR-3B for the Tax Periods from October, 2020 till March, 2021

17/12/2020

1. 1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 11th Nov., 2020, has added sub rule (6) to Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing of Form GSTR-3B, for the tax periods from October, 2020 till March, 2021. The details are as under:

1. This is for information and necessary action please.

Thanking you,