New feature on GST portal to correct mismatches in GST re... - Vigyaa
Close

Delete Collection?

Are you sure you want to delete this collection permanently?

Close

Delete Collection?

Are you sure you want to delete this collection permanently?

Everyone has a Story to Tell and an Experience to Share!

Let’s Start Writing
b8e19886-71db-4573-9d98-bde308937508

140 views

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. 

#
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.



Related Articles

Hello Mr Businessperson! What if I told you that I could reduce your sick leave by 20%? If we worked really hard maybe even 45% or even 55%?

15.4 million days were lost in the UK during 2017 to 2018 due to mental health alone. That makes up 57% of all work sick leave. Almost half (44%) of those 15.4 million days were due to workload. This data is compiled yearly by the UK’s Health and Safety Executive but is isn’t unique to the UK.

For decades the World Health Organisation has been monitoring death rates and the global trend is terrifying. Suicide is the biggest killer of men from their teenage formative years right into their 50s. Whilst the UK male suicide rate was at its lowest in 2017 (since 1981 when the UK’s Office for National Statistics started) it is still the biggest killer of men from their teens to the time they should get their bus pass. In 2017, 5,821 people ended their own lives. 4,382 (75.3%) of those were male.

The worst part? This isn’t news. It has been this way for decades. While we have all be shocked into action and the fight against medical issues like AIDS, TB and cancer, men have been killing themselves rather than live in a devolved country. A large proportion of this has a relation to work and as we discovered above, 44% is workload itself.

Since the recession of 2009, budgets in all businesses have been tightened. Sometimes processes simplified or corners cut. There are occasions where this isn’t a bad thing but sometimes removing unique services and products alienates your customers and your own staff. Making people redundant and then being surprise there is not enough people to handle your sales or service calls is embarrassing, farcical, damaging and, worryingly, not uncommon. Your customers big and small no longer regard you as a market leader – suddenly your higher prices are no longer ‘worth it’ because your service is now no better than the cheaper competitor. They think they have achieved the savings the business needs but it’s self-destructive and I’ve seen it first hand.

The businesses that have flourished in the last ten years are the ones who took a small pair of pruning shears to the ‘bush’ of their processes, services and staff and not the businesses who took a machete.

Businesses who support their staff see better sales and reliability. Happy staff do more for the business, in and out of work.

Mind, a leading mental health charity in the UK, run their own Workplace Index. Their report from 2017 showed that only 54% of staff, in an array of industries, felt their manager support their wellbeing and mental health.

Simple solutions such as offering occasional one-2-ones help focus your staff and support them. It also allows managements to see where the real issues are – the issues that actually affect your customers and your profits. Mind encourage companies to sign up to their pledge and join the battle. Big industry leaders such as Heineken and JaguarLandRover have been on board for years. Suicide is preventable. A short conversation, an occasional check-in with someone who may be struggling to cope can go a long way, and might even help save a life.

In 2015, I suffered workplace discrimination. I tried to end my own life. It has taken years to recover. It was embarrassing for the management and the brand involved as well as costly due to the legal action that followed. If you want talented staff doing their best and the sales and profits that match, you have to offer the right service to your staff. The alternative is either the staff burnout, which in my example is costly, or the staff go to your competitors.

It’s finally business savvy to care about the wellbeing of your staff.



Reference Image
Close