Tag: CGST RULES

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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Notification No. 37/2020 – Central Tax, Dated 28.04.2020

In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with clause (c) of rule 9 and rule 25 of the Central Goods and Services Tax (Fourth Amendment) Rules, 2019 (hereinafter referred to as the rules), made vide notification No. 31/2019-Central Tax, dated the 28th June, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R 457(E), dated the 28th June, 2019, the Government, hereby appoints the 21st day of April, 2020, as the date from which the said provisions of the rules,
shall come into force.

Form GST PMT-09 was made available on GST Portal on 21.04.2020

You May Like : All you need to know about Form GST PMT-09

As per the Notification 31/2019, Central Tax Issued on 28th June, 2019 seeks about Important clarifications which were demanded by the taxpayers.
Since the inception of the GST, there have always been Technical issues, or
the reason might be that the people were not properly educated and aware of the GST mechanism and taxpayers have also not become the user-friendly
with the GST Portal.

Since various taxpayers at the time of making the GST Challan Payment have
done mistakes by filling the amounts in the Wrong head. Either there might be chances that the taxpayer who wanted to file the amount in CGST head have wrongly paid tax under the IGST head or vice versa and there can be a lot of cases irrespective of the heads like the CGST head, SGST head, IGST head, CESS Head.

Once the taxpayer pays the challan, the payment gets credited in that head
and the same can be utilized in settling their relevant output liabilities after
adjusting with the Input Tax credit. But in some cases where the challan is
wrongly paid or the amount is paid under the wrong head, it can’t be used
against discharging the liabilities of that head due to which the taxpayers need to file another challan and if they wish it can remain in their cash ledger for utilizing the same in discharging their output liabilities or they can claim the refund of the amount by filing a refund application in form RFD-01 choosing the option at the time of refund application of Excess to cash ledger. Since the refund process is not really an easy process, an applicant or a taxpayer must go through a long process which certainly takes time around 3-4 months due to which the working capital of the taxpayers gets blocked.

Even after filling the online refund application, the taxpayer has to do a lot of paperwork in spite of that they also have to appear to the tax authorities. In
order to remove this difficulty of the taxpayer’s, central government come up with this facility of FORM GST PMT-09. PMT-09 is the prescribed challan for shifting the wrongly paid tax. It is recently introduced by CBIC. If you have paid a wrong tax, like CGST in place of SGST, you can shift it using this challan.

PMT-09 consists of minor and major heads. You can mention the amount of
tax you wish to shift as in the details of the amount to be transferred from one account head to another. The reallocation of tax can be from major head to minor head and vice versa. The provision was brought in under the Fourth Amendment Act of CGST norms and Clause 13 was introduced to CGST Rules as in rule 87.

Every taxpayer can fill PMT-09. It can be accessed via the GSTN portal.

Few Points to Remember About GST PMT-09 :-
1.) It will be able to handle only one situation and that is when payment is
done in the wrong head and not utilized.

2.) If the data in return itself is wrong the challan will be wrong but then it will be adjusted too.

3.) The amount once utilized and removed from cash ledger cannot be
reallocated.

4.) Challan is useful when payment is done under the wrong head but not
utilized.

5.) It’s impossible to edit GSTR 3B.

Disclaimer : IN NO EVENT THE AUTHOR SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM OR ARISING OUT OF OR IN CONNECTION WITH THE USE OF THIS INFORMATION. THIS HAS BEEN SHARED FOR KNOWLEDGE PURPOSES ONLY.

AUTHOR : RACHIT BHANDARI (CLICK HERE TO VIEW PROFILE)

Form GST PMT-09 has been enabled on GST Portal and notifies w.e.f. 21.04.2020, so that taxpayers can transfer cash balance from one head to another. (Notification No. 37/2020 – Central Tax, Dated 28.04.2020)

Following are the steps to file Form GST PMT-09 on GST Portal :

Step-1 : Go to Electronic Cash Ledger and click on option which is in red circle

Step-2 : Below is the Cash Ledger Balance available for transfer

Step-3 : Transfer cash balance to any ledger and click save and proceed to file