Up next


GST Returns Updates W E F August 2020 with Ranjan Pathak

5,016 Views
admin
5
Published on 01 Oct 2020 / In GST

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.

https://www.youtube.com/channe....l/UCpLA1d2SabkUKkrlz

Follow me on Social Media:

1. Facebook : https://www.facebook.com/tax4wealth
2. Linkedin : https://www.linkedin.com/in/tax4-wealth-4aa2b718b/
3. Twitter : https://twitter.com/tax4wealth
4. Tumblr : https://tax4wealth.tumblr.com/
5. Pinterest : https://in.pinterest.com/tax4wealth/pins/
6. Medium : https://medium.com/@bhartichawla27
7. Telegram : https://t.me/tax4wealth


Google Play Store
https://play.google.com/store/apps/details?id=com.future.hellotaxindia&hl=en_IN

▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾

➨ Website:https://tax4wealth.com/
➨ Writes to us: tax4wealth@gmail.com
▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾

#gst
#gstupdate
#gstreturnupdate

Show more
0 Comments sort Sort By

Up next