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New feature on GST portal to correct mismatches in GST returns

In recent times, new usefulness has been introduced. The regular taxpayers having GST registration would now be able to view and download a month to month report on GST obligation, as declared in GSTR-1 just as declared and paid in their GSTR-3B return.

The GST department always works on essential modifications on the GST portal every now and then so that the hassles of the merchants who are having GST registration are minimized. The GST portal is often improved so that procedural errors and difficulties are removed that would earlier hold back the important processes, such as the GST return filing procedure. 

In recent times, new usefulness has been introduced. The regular taxpayers having GST registration would now be able to view and download a month to month report on GST obligation, as declared in GSTR-1 just as declared and paid in their GSTR-3B return. 

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GST new feature

 

 

1. Why is this feature so important? 

This new feature on the GST portal will presently help the taxpayers having GST registration to view the 2 GST liabilities (in GSTR-1 and 3B) in unthinkable structure.

GST liabilities for each of these GST returns would now be able to be compared. This will help taxpayers having GST registration to rectify any confuse between the two returns filed.

2. How might we opt for this function?

This new facility can be easily found out on the GST portal. All you need to do id-

• Just Sign in the GST portal.

• Go to the Returns dashboard on the GST Portal.

• Now you click on the -"Correlation of obligation declared and ITC claimed".

• You have now opened the facility.

3. How will this assist taxpayers to claim their GST Input tax?

Yes of course!

• Typical taxpayers have now been provided the statistics related to the amount of Input tax credit (ITC) unused by them, in their GSTR 3B and as accrued in GSTR 2A returns.

• So, they can now claim this input of GST paid.

• In this way, presently taxpayers can see both these data and can now compare the GST credit availed by them with no trouble. They can likewise get the unutilized input credit or ITC. 

4. Can this office can be opened offline also?

Yes, why not? This information regarding GST returns comparing is provided under return dashboard head. It can likewise be downloaded as an Excel file. This can be viewed and compared later on also.

5. What shall be done where GST will be paid on reverse charge?

The Typical Taxpayers have likewise been provided with the option to see the GST paid on reverse charge mechanism as shown and paid in Form GSTR 3B and as accrued in Form GSTR 2A, due to the transfer of such details by the supplier having GST registration in the Form GSTR-1. 

6. Where shall we discover this new feature? 

This useful service can be availed in the Returns dashboard at the GST Portal under the heading-"Correlation of GST declared and ITC claimed."

7. Where would I be able to find the IGST paid in case of exports? 

Ordinary Taxpayer can likewise view and compare the IGST risk related to exports & SEZ supplies as entered in his GSTR-3B return amid the particular month and also in the GSTR-1 (Zero-rated supplies). 

Very considerably, the benefits of this new service must be availed only in case GST returns GSTR-1 and B are properly filed. 

Hence, you should timely complete the GST return filing procedure. For that, you should likewise timely and properly raise GST invoices with the end goal of GST return filing.

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