New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers.

New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers.

27/07/2021

GSTN has implemented a new functionality on taxpayers’ dashboards with the following features:

    •The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of Above or Upto Rs. 5 Cr.
    •The taxpayers can also see the Aggregate Turnover of the current FY based on the returns filed till date.
    1. •The taxpayers have also now been provided with the

facility of turnover update

     in case taxpayers feel that the system calculated turnover displayed on their dashboard varies from the turnover as per their records.
    •This facility of turnover update shall be provided to all the GSTINs registered on a common PAN. All the changes by any of the GSTINs in their turnover shall be summed up for computation of Annual Aggregate Turnover for each of the GSTINs
    1. •The taxpayer can amend the turnover

twice within

    1.  a period of

one month

     from the date of roll out of this functionality. Thereafter, the figures will be sent for review of the Jurisdictional Tax Officer who then can amend the values furnished by the taxpayer.

Note: For details, the taxpayers may check out the ‘Advisory’ section of the aforementioned functionality on their respective dashboards.

Functionality to check and update bank account details.

Functionality to check and update bank account details.

29/07/2021

How to add bank account in GST registration details.

A functionality to check status of bank account details update for the taxpayers who have taken new registration at GST Portal but have not yet furnished the same, has been introduced, in view of Rule 10A of the CGST Rules 2017. Such taxpayers are required to update their Bank Account Details within 45 days of the first login henceforth.

The taxpayers may login and update Bank Account details through Non-core amendment in the manner as specified in the below table. In case the taxpayers who had not updated bank account after registration and are also failed to update within 45 days of their first login henceforth, the system will prompt and force them to comply with the requirements.

  • Login to the taxpayer portal
  • Go to ‘Services’
  • Click on ‘Registration’
  • Click on the tab ‘Amendment of Registration Non-Core Fields’
  • Select tab ‘Bank Accounts’
  • Add details of Bank Account (Account No., IFSC, Address, Bank Account type)
  • Click on the verification tab, select authorized signatory, enter a place
  • Sign application using DSC, E-sign or EVC
  • Note:
    After completion of Bank Account update, a success message will appear on the screen, and the acknowledgment will be sent at the registered email and mobile phone.
Updating the Annual Aggregate Turnover (AATO) by taxpayers.Updating the Annual Aggregate Turnover (AATO) by taxpayers.

Updating the Annual Aggregate Turnover (AATO) by taxpayers.

04/08/2021

The Annual Aggregate Turnover (AATO) has been calculated based on the returns filed by the taxpayers. The detailed advisory on calculation methodology of AATO has been specified under the ‘Advisory’ hosted at Taxpayers’ Dashboard. A functionality has been provided at the Common Portal to modify the AATO where taxpayers have reason to believe that the AATO has been calculated wrongly. In such cases, taxpayers may modify the Annual Aggregate Turnover (AATO). In case such modification is made beyond a certain limit (as specified in the ‘Advisory’), the same shall be sent to the jurisdictional officer’s Dashboard for appropriate action, if required.

However, it has been seen that many taxpayers have used the functionality to modify AATO just for confirming it, which is not required. In case, the AATO is correct in their opinion, they are not required to take any action.

Advisory for Taxpayers regarding Blocking of E-Way Bill (EWB) generation facility resume after 15th August, 2021.

Advisory for Taxpayers regarding Blocking of E-Way Bill (EWB) generation facility resume after 15th August, 2021.

04/08/2021

1. As you might be aware that the facility of blocking E way bill generation had been temporarily suspended due to pandemic, in terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable to be restricted, in case the person fails to file their return in Form GSTR-3B / statement in CMP-08, for a consecutive period of two months / Quarters or more.

2. The government has now decided to resume the blocking of EWB generation facility on the EWB portal, for all the taxpayers in terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, from 15th August onwards.

3. Thus, after 15th August 2021, the System will check the status of returns filed in Form GSTR-3B or the statements filed in Form GST CMP-08, and restrict the generation of EWB in case of:

  • Non filing of two or more returns in Form GSTR-3B for the months up to June, 2021 and
  • Non filing of 02 or more statements in Form GST CMP-08 for the quarters up to April to June, 20214. To avail continuous EWB generation facility on EWB Portal, you are therefore advised to file your pending GSTR 3B returns/ CMP-08 Statement immediately.

    5. For details of blocking and unblocking EWB Click on below links

    https://tutorial.gst.gov.in/userguide/returns/index.htm#t=FAQs_unblockingewaybill.htmNote: Please ignore this update if you are not registered on the EWB portal.

 

Extension in dates of various GST Compliances for GST Taxpayers

Extension in dates of various GST Compliances for GST Taxpayers

Government has extended the dates of various compliances by Taxpayers under GST vide Notn No 12/2021-CT, dated 1st May, 2021, r/w Notn No 17/2021 CT dated 1st June, 2021Notn No 14/2021-CT, dated 1st May, 2021,r/w Notn No 24/2021-CT, dated 1st June, 2021Notn No 25/2021-CT, dated 1st June, 2021Notn No 26/2021-CT, dated 1st June, 2021. The details are summarized below:

A. Filing of Form GSTR-1/IFF by Normal Taxpayers:

Sl.No. Form Type To be filed by Tax period Due Date/last date Due Date/ last date Extended till
1
Form GSTR-1 (Monthly)
Normal Taxpayer filing Monthly returns
May,2021
11.06.2021
26.06.2021
2
Form IFF (optional)
Normal Taxpayers under QRMP Scheme
May,2021
13.06.2021
28.06.2021

B. Filing of Returns by Composition, NRTP, ISD, TDS & TCS Taxpayers:

Sl.No. Return Type(Form) To be filed by Tax period Due Date Due Date Extended till
1
GSTR-4
Composition Taxpayers (Annual Return)
FY 2020-21
30th April, 2021
31st July, 2021
2
GSTR-5
Non Resident Taxpayers (NRTP)
March/April/May, 2021
20th April/ May/June, 2021
30th June, 2021
3
GSTR-6
Input Service Distributors (ISD)
April/May, 2021
13th May/June, 2021
30th June, 2021
4
GSTR-7
Tax Deductors at Source (TDS deductors)
-do-
10th May/June, 2021
30th June, 2021
5
GSTR-8
Tax Collectors at Source (TCS collectors)
-do-
10th May/June, 2021
30th June, 2021

C. Filing of Form ITC-04: The due date for filing of Form GST ITC-04 (to be filed by Principal/Manufacturer for goods sent/received/supplied from Job Worker) for the quarter Jan-March, 2021, (due date 25th April, 2021) has been extended till 30th June, 2021

This is for information and necessary action please.

Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part2)

Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part2)

04/06/2021

Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Qtrly) & composition taxpayers for the tax periods of March, April & May, 2021, vide Notn. Nos. 18/2021 & 19/2021, both dtd. 1st June, 2021. The details are summarized below:

B.Relaxation in filing of Form GSTR-3B (Quarterly) by Taxpayers under QRMP Scheme

Sl.No.
Tax Period
Form Type
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 45 days
From 61st day onwards
1
March, 2021
Form GSTR-3B (Quarterly)
22/24th April, 2021,(Group A/B)
Nil
9%
18%
21/ 23rd June, 2021,(Group A/B)
Sl.No.
Tax Period
Form Type
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 30 days
From 46th day onwards
1
April, 2021
Form GST PMT-06
25th May, 2021
Nil
9%
18%
NA
Sl.No.
Tax Period
Form Type
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 15 days
From 31st day onwards
1 May, 2021
Form GST PMT-06
25th June, 2021
Nil
9%
18%
NA

C.Relaxations in filing Form CMP-08 for Composition Taxpayers:

Sl.No.
Tax Period
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 45 days
From 61st day onwards
1 March, 2021 (Qtr.)
18th April, 2021
Nil
9%
18%
NA

This is for information and necessary action please.

Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part1)

Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part1)

05/06/2021

Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Qtrly) & composition taxpayers for the tax periods of March, April & May, 2021, vide Notn. Nos. 18/2021 & 19/2021, both dtd. 1st June, 2021. The details are summarized below:

  1. Relaxation to normal taxpayers in filing of monthly return in Form GSTR-3B
    Sl.No.
    Tax Period
    Class of taxpayer
    (Based on AATO)
    Due date of filing
    Reduced Rate of Interest
    Waiver of late fee till
    First 15 days from due date
    Next 45 days
    From 61st day onwards
    1
    March, 2021
    > Rs. 5 Cr.
    20th April
    9%
    18%
    18%
    5th May, 2021
    Up to Rs. 5 Cr
    20th April
    Nil
    9%
    18%
    19th June, 2021
    Sl.No.
    Tax Period
    Class of taxpayer
    (Based on AATO)
    Due date of filing
    Reduced Rate of Interest
    Waiver of late fee till
    First 15 days from due date
    Next 30 days
    From 46th day onwards
    1
    April, 2021
    > Rs. 5 Cr.
    20th May
    9%
    18%
    18%
    4th June, 2021
    Up to Rs. 5 Cr
    20th May
    Nil
    9%
    18%
    4th July, 2021
    Sl.No.
    Tax Period
    Class of taxpayer
    (Based on AATO)
    Due date of filing
    Reduced Rate of Interest
    Waiver of late fee till
    First 15 days from due date
    Next 15 days
    From 31st day onwards
    1
    May, 2021
    > Rs. 5 Cr.
    20th June
    9%
    18%
    18%
    5th July, 2021
    Up to Rs. 5 Cr
    20th June
    Nil
    9%
    18%
    20th July, 2021

This is for information and necessary action please.

Relief to taxpayers, regarding late fee, for delay in filing Form GSTR-3B returns

Relief to taxpayers, regarding late fee, for delay in filing Form GSTR-3B returns

05/06/2021

The Government, vide Notification No. 19/2021, dated 1st June, 2021, inter alia, has waived the late fee payable, in excess of amount as specified in the Tables, as given below:

(Note: Please refer to respective State/UT Notifications for waiver of State/UT tax).

    1. For the registered persons who have failed to furnish the return in FORM GSTR-3B, for the months /quarter of July, 2017 to April, 2021, by the due date:
      Sl.No
      Return in FORM GSTR-3B for the month/ quarter of
      Amount of Central & State/UT tax payablein the return
      If Return furnished between
      Late fee payable waived in excess of (Rs)
      1
      July, 2017 to April, 2021
      NIL
      1st June, 2021 and 31st August,2021
      500
      2
      July, 2017 to April, 2021
      Not NIL
      1st June, 2021 and 31st August,2021
      1000
    2. For the tax period of June, 2021 onwards or quarter ending June, 2021 onwards:
      Sl.No
      Class of registered persons
      Late fee payable waived in excess of (Rs)
      1
      Registered persons whose total amount of Central Tax & State/UT tax payable in the said return is Nil
      500
      2
      Registered persons having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year, other than those covered under S. No. 1
      2,000
      3
      Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees 5 crores in the preceding financial year, other than those covered under S. No. 1
      5,000

This is for information please.

Table-12 of GSTR-1 (Advisory on PDF)

Table-12 of GSTR-1 (Advisory on PDF)

Table-12 of GSTR-1 pertains to the data related to the HSN-code wise supplies of goods & services declared in the aforesaid GSTR-1. It has been reported that in the GSTR-1 for the tax period of May 2021, the ‘Total Invoice value’ field in the preview PDF is displaying a value as ‘0’ (zero) instead of N.A, in the cases where the taxpayer has not reported any value in the concerned Table-12 of GSTR-1.

Technical team is working towards resolving this issue at the earliest. Meanwhile, taxpayers are requested to kindly proceed with their filing of GSTR-1 & ignore this error for the time being, till it is being fixed.

Upcoming functionalities to be deployed on GST Portal for the Taxpayers

Upcoming functionalities to be deployed on GST Portal for the Taxpayers

As part of our constant endeavour to provide a smooth and hassle free experience to the taxpayers and simplify the process for them, to comply with their GST compliances, following functionalities are recently deployed or are being deployed on the portal shortly:

Sl.No.
Module
Form/ Functionality
Functionality released/ to be released for Taxpayers
Present Status
1
Ledgers
Negative liability statement made available to composition taxpayers
• In case of a negative liability in any tax period of a composition taxpayer (and if no amount is required to be paid by the taxpayer (during that period)), the said negative liability will be maintained in Negative liability statement. This negative balance lying in the negative liability statement will be automatically adjusted against the liabilities of subsequent tax period(s).
• The statement would be accessible to them, post-login, by navigating to Services > Ledgers > Negative Liability Statement.
Deployed on the Portal
2
Returns
Download of Form GSTR-4A in excel and auto-population of its details in Form GSTR-4 of the composition taxpayer
• Form GSTR-4A is an auto-drafted statement generated for Taxpayers opting for Composition levy, containing details reported by their registered suppliers in their Form GSTR-1/ GSTR-5 and by their TDS deductors in their Form GSTR-7.
• A facility to download the details of Form GSTR-4A, in an Excel file would be made available to the taxpayers, soon.
• This Excel file would contain consolidated summary of the supplies at GSTIN level, for the complete financial year, which are required to be reported in Annual Return filed by them in Form GSTR-4.
• This summary will also be auto-populated in Table 4A and 4B of their Form GSTR-4.
3
Front Office
Inclusion of common names in the HSN Directory and its download in excel format by the taxpayers
• The currently available HSN Master has been updated on the GST Portal and it now includes product names commonly used in Trade corresponding to a particular HSN code.
• A download facility for the entire HSN directory in Excel Format has also been provided to the taxpayers under the link “Download HSN in Excel Format”. This facility is available as a part of the ‘Search HSN’ functionality, available both in Pre and Post Login, on the GST Portal.
Deployed on the Portal

The above is for your information.