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:-
●SEZ unit and
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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