GST Returns Updates W E F August 2020 with Ranjan Pathak

GST Returns Updates W E F August 2020

1.Convenient ease of a PDF Statement has been made available to taxpayers, filing
monthly GSTR-1 statement, to have ease in filing 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.

Note: This facility will be available for both Monthly and Quarterly GSTR-1 Filers in the due course of business filings.

2.This PDF will be available on their GSTR-3B dashboard, from tax period of August

2020 onwards, means one can avail this facility in September which is named as
system computed GSTR-3B for the ease of Taxpayers.

3.This facility is provided to all taxpayers who are registered as:-

●Normal taxpayer,

●SEZ Developer,

●SEZ unit and

●casual taxpayer.


4. Following Tables of Form GSTR-3B will be auto drafted, on basis of values filed by
user in GSTR-1 Form:-

○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.The stated PDF will be only for reference and a ease to filers of GSTR-1 and GSTR-3B.

Although filers needs to assure the data correctness and verification before submitting the GSTR-3B.

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