RECENT CHANGES ON GSTN PORTAL
Goods and Service Tax(GST) is considered to be India’s biggest reform tax which was introduced on 1st July 2017. It was supposed to be “One Nation One Tax” but due to various confusion and multiple amendments on the GSTN portal, few do not link multiple invoices with a single credit note, inability to input negative values in GSTR-3B.
Major changes Facilitated on GSTN Portal:
1. Introduction of GSTR-2B:
GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement generated for every recipient, on the basis of the information furnished by their suppliers, in their respective Form GSTR-1 (filed by regular taxpayers), GSTR-5 (filed by Non-Resident taxable person) and GSTR-6 (filed by ISD).
It is not a return but a static report of GSTR-2A of invoices uploaded by the supplier until the 11th of the subsequent month and will be made available for each month, on the 12th day of the succeeding month.
However, the same is only recommendatory and not necessarily binding on taxpayers.
2. Single year GST refund:
As per the relief provided by CBIC vide Circular no. 135/05/2020 dated 31st March 2020. A registered person can file a Single Refund Application for multiple financial years, on GST Portal.
For example, a registered person can file a single application for a GST refund for the period 01-01-2020 to 31-06-2020 (Jan 20 to June 20) which is covering two different financial years. The restriction on clubbing GST refunds for tax-periods that are spread across different financial years is removed on GST portal.
A welcoming move by GSTN towards simplification of the refund process.
3. Bill of Entry details in respect of import of Goods in GSTR-2A:
GSTN has enabled the facility to check Bill of Entry information in respect of GST paid at the time of “Import of goods’ from Overseas and SEZ units/developers in GSTR-2A.
The importer can view the below details in his GSTR-2A.
2. Port code
3. BE number
4. Taxable value
4. Principal Place of Business and HSN/SAC:
Now, one can view the Principal place of business and HSN/SAC code for details of goods and services supplied by the registered entity under GST on the GST portal by using the Search by GSTIN option.
To access the Principal place of business and HSN/SAC facility follow the below steps:
1. Visit www.gst.gov.in.
2. Click on Search by Taxpayer tab.
3. Search by GSTIN/UIN.
4. Enter GSTIN of the registered taxpayers.
5. Enter Captcha code and
6. Click on Search.
5. Return filing status GSTR-1 and GSTR-3B
You can also view GSTR-1 and GSTR-3B and other return filing status of the last ten (10) returns filed by a registered person in TWO separate tables. Earlier, the GST portal shows the only status of the last ten returns i.e GSTR-T, GSTR-3B, GSTR-9, GSTR-9C etc filed by a registered person in aggregate.
You can view the Return filing status by following the below steps:
1. Visit www.gst.gov.in.
2. Click on Search by Taxpayer tab available at Home Page.
3. Click on Search by GSTIN/UIN.
4. Enter GSTIN of the registered taxpayer.
5. Enter the Captcha code.
6. Click on Search and
7. Click on the Show filing table option at the bottom.
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