The GST Network has time and again released advisories and documents for new functionalities introduced on the GST portal. Recently, it has released the module-wise new functionalities deployed on the GST portal during April 2021. Most of these updates are relevant for the regular taxpayers who have opted into the Quarterly Return filing and Monthly Payment of taxes (QRMP) scheme since January 2021.
Firstly, the quarterly GSTR-2B is available for QRMP taxable persons for January-March 2021. Taxpayers can now view and download their system-generated quarterly Form GSTR-2B for the January-March 2021 quarter by choosing the last month of the quarter (M3) and clicking on the ‘Auto-drafted ITC statement’ for the quarter on or after 14th April 2021.
Information of filed IFFs (for the first and second months of the quarter) and filed Form GSTR-1 are included in Form GSTR-2B (for the third month). Both ITC available and unavailable (pulled from the supplier’s filed IFF, Form GSTR-1, import facility, etc.) is separated into two parts in Form GSTR 2B. It also includes the taxpayer’s liability (which flows from the taxpayers own filed IFF and Form GSTR-1).
Form GSTR-2B has a default view of quarterly for QRMP taxpayers. To view data in Form GSTR-2B for a specific month (M1, M2, or M3), the taxpayer must pick the required month from the view drop-down menu.
Secondly, the GST matching offline tool is now made available for the QRMP taxable persons. Using the modified matching offline tool, the system generated Form GSTR-2B JSON file can be used to compare data from one’s purchase register with the system generated Form GSTR-2B JSON file.
As a taxpayer opting into the QRMP scheme, go to ‘Services’ > ‘Returns’ > ‘Returns Dashboard’. Pick the financial year and return filing period and click on the ‘SEARCH’ button. After that, click on the ‘Download’ button on the ‘Auto – drafted ITC Statement – GSTR-2B’ tile to get the system-generated Form GSTR-2B JSON file can be opened and matched in the matching tool.
Quarterly periods are provided as options in the matching tool dashboard page, and the tax periods ‘Apr-Jun’, ‘Jul-Sep’, ‘Oct-Dec’ and ‘Jan-Mar’ have been added to the purchase register.
The third one on the list is the provision to auto-populate the quarterly GSTR-3B with ITC claims and reversible amounts. All the QRMP taxable persons can use the facility that allows the ITC amounts to be auto-filled from Form GSTR-2B into Table 4 of Form GSTR-3B.
An additional button, ‘System computed GSTR-3B,’ has been added to the GSTR-3B dashboard tab, which can be used to download the system computed Form GSTR-3B in PDF format. Under the QRMP system, taxpayers can change the auto-drafted values and save the revised information in Form GSTR-3B. If the available ITC varies by more than 5% or the ITC to be reversed decreases even slightly, the device will send an alert message to taxpayers.
In these situations, it must be noted that the device would not prevent one from filing Form GSTR-3B.
Fourth on the list is the auto-population of liability in Form GSTR-3B for taxpayers under QRMP Scheme. For taxpayers under the QRMP Scheme, liability in Table-3 of Form GSTR-3B, except the field 3.1(d), will now be auto-populated based on filed quarterly Form GSTR-1 of the third month 3) and details filed in IFF for the first and second months of the quarter.
Note that the liability on account of Table 3.1(d) is auto-populated from the Form GSTR 2B. Further note that in Table-3 of Form GSTR-1, data saved or submitted in Form GSTR-1 or IFF will not be auto-populated as a liability.
The last functionality deployed on the GST portal pertains to the Form GSTR-11 that the Unique Identification Number (UIN) holders file. These taxpayers are required to submit details of purchases made in Form GSTR-11. Their Form GSTR-11 will now be produced using the information from their supplier taxpayers’ Form GSTR-1 and Form GSTR-5. Henceforth, it will be easier for the UIN holders to file a refund claim.
The month-wise release of statements about new functionalities by the GST Network allows the taxpayers to find all the GST portal updates in one place, helping them effectively comply with the GST laws.
For any clarifications/feedback on the topic, please contact the writer at annapoorna.m@cleartax.in
Annapoorna, popularly known as Anna, is an aspiring Chartered Accountant with a flair for GST. She spends most of her day Singing hymns to the tune of jee-es-tee! Well, not most of her day, just now and then.
