Additional Features Added in GSTN Portal

(1.) Invoice wise Information of Input Tax Credit for the F.Y. 2018-19 :

Table 8A of GSTR – 9

Taxpayers were facing a problem of Auto-populated figures under Table 8A of Form GSTR-9 which were not matching with the GSTR-2A. The details of the auto-populated figures was also not available.

This problem has been solved and now the details of the auto-populated figures under Table 8A of GSTR-9 are now available Invoice wise and in Excel format.

“Reconciliation between actual ITC claimed and auto-populated under Table 8A of GSTR-9 will now be easy.”

The Data will be under the following heads :

  • B2B : Taxable Supplies received from taxable person
  • B2BA : Amendments made to previously uploaded invoices
  • CDNR : Credit/ Debit Notes
  • CDNRA : Amendments made to previously issued Credit/ Debit Notes

(2.) Negative Figures in GSTR-3B :

GSTIN has enabled to enter negative figures in GSTR-3B.

This will be a much relief as many professional and taxpayers were facing problem of how to report sales reversal/ sales return in case there is no sales in the month.

Let us take an example: –
A taxpayer was having sales in the month of August, 2020 of Rs. 5L but while filing GSTR-3B for the month of August, 2020 he reported Rs. 50L. Now, the taxpayer is required to reverse Rs. 45L in subsequent months GSTR-3B.
The average monthly sales are 4-5L in a month. This would have earlier taken a year’s time to reverse the sales. Now, after the negative figures are allowed to be reported in GSTR-3B, taxpayer can reverse 45L of sales excess reported in August, 2020 in GSTR-3B for the month of September, 2020.

What are the benefits of this facility in GSTIN portal ?

  • Reconciliation between Books v. GSTR-1 v. GSTR-3B will be easy.
  • No need to refer previous GSTR-3B again and again.
  • Easy rectification of errors.
  • Time saving.

(3.) Auto Populated Figures in GSTR-3B :

Table 3 of GSTR – 3B

A press release was issued by GST Network on 5th September, 2020 saying that the Outward Supplies figures to be auto-populated in GSTR-3B on the basis of GSTR-1 filed.

This facility is available for taxpayers (Normal, Casual or SEZ developer/ unit) who are filing Monthly GSTR-1. Those filing Quarterly don’t have access to such facility as of now but will be made available in short time.

This facility will be available to those who have filed GSTR-1 after 4th September, 2020. The draft GSTR-3B will contain the information auto-populated from GSTR-1 in PDF format.

It is important to note that the auto-populated figures are only for the ease of filing. These figures are not final and should be checked for any adjustment
before filing.

(4.) GSTR-2B Available on GSTN Portal :

GSTR-2B is a static report which is made available on GST portal. It is generated on the basis of information furnished in GSTR-1 (normal dealers), GSTR-5 (Non-residents) and GSTR-6 (Input Service Distributors).

Unlike, GSTR-2A it is static report and does not change on day to day basis. It will be generated on 12th of the succeeding month and the report will remain same in future.

Let us understand why GSTR-2B will be more helpful than GSTR-2A :

(A) Static :- GSTR-2B will remain constant forever while GSTR-2A changes with time.

(B) ICEGATE entries :- GSTR-2B will provide additional details of import of
goods from ICEGATE system which is not populated in GSTR-2A.

(3.) Utility :- GSTR-2B will be helpful in knowing whether your supplier has
filed the return or not (as this report is static on 12th of succeeding month)
while in GSTR-2A, even if supplier files return after due date the figures would be revised.

(4.) Rule 36(4) calculation :- GSTR-2B will be helpful in calculation of limit of
110% of ITC that can be claimed.

One of many hardship that one can face is another reconciliation that can be asked by the department is – Reconciliation between GSTR-2A and GSTR-2B.

Thanks for Reading Article on “Additional Features Added in GSTN Portal”

Disclaimer : The views expressed in the above article is exclusive to the author. Anyone relying on it is expected to take adequate professional care before using/implementing the content of the article. The website/author will in no case be liable for any damages incurred by relying on the content without adequate consultation.

Courtesy : CA Mehul Gupta

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