GST Portal Updates- June 2018

 

GST Portal Updates - June 2018  

 

Earlier, SGST equivalent to CGST was auto populated under input tax credit table of GSTR 3B. Now this mechanism of auto population has been removed.

 

1.  Facility to change return frequency

Taxpayer with an annual turnover of more than INR 1.5 Cr and who may have wrongly selected the option of quarterly return filling, now has the facility to change into monthly option. However, the taxpayer should not have filed any return according to wrongly selected quarterly option.

 

2.  Payment of reduced penalty

If a demand has been raised under Sec 74 of the CGST Act, and the taxpayer makes the full payment of tax and interest stated in the order within 30 days from the date of communication of the order, the taxpayer would be eligible for waive off 50% of penalty portion.

 

3.  Additional information available in GSTR2A

Amendments made by taxable suppliers like amendment in invoices/credit note to registered person in GSTR-1 are also auto populate in the GSTR-2A of recipient.

 

4.  Auto drafted Form GSTR-4A available on GST Portal

Composition dealers can view the auto drafted Form GSTR 4A related to B2B inward supplies and Debit/Credit Notes received by them similar to GSTR-2A in case of normal taxpayer.

 

5.  Tracking ARN for Exports

Now the facility to track the refund application has been provided to the taxpayers to see information about the status of refund process. 

CA Ashish Arora

CA Jitesh Kakkar

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