Taxpayers on Improved GSTR-3B Return Filing Process

Advisory to Taxpayers on Improved GSTR-3B Return Filing Process

·         Filing of GSTR 3B Return made further simple and user friendly,  

·         System shows best utilization of ITC based on law, which can be edited as per requirement.

·         The amount to be paid in cash after taking into consideration ITC, get displayed in a table.

·         One click Challan preparation based on cash amount shown in table in payment section (no chance of payment of tax under wrong head),

Details

·         FAQs and User Manual are provided alongwith pop ups, to guide taxpayers while filling Form GSTR 3B, at relevant pages.

·         Fill either CGST or SGST/UGST amount, other tax will get auto filled.

·         Form GSTR 3B can be previewed or downloaded, for cross verifying saved details in any table(s), anytime by Clicking PREVIEW DRAFT GSTR-3B button. This button will download the draft Summary page of your GSTR-3B for your review. It is recommended that this Summary page is downloaded and reviewed for the entries made in different sections, before proceeding with the payment of taxes.

·         Once taxpayer proceeds to payment, they can now see details of balances as available in their cash and credit ledgers (refer Table 6.1 – Payments Table) at one place.

·         Tax liabilities as declared in the return along with the credits gets updated in the ledgers and reflected in the “Tax payable” column of the payment section and can be seen while hovering on the said headings of credit in the payment section.

·         System auto-populates “Tax to be paid through ITC” fields with optimum utilization amounts based on provisions of the law relating to credit utilisation. It is just for suggestion and taxpayer may edit the ITC utilization. In case ITC utilization is changed, the cash to be paid also gets changed accordingly.

·         If available cash balance in Electronic cash ledger is not sufficient to offset the liabilities, additional cash required for paying liability is being reflected in the last column of the Table (Addition cash required). Taxpayer may create challan for that amount directly by clicking on the CREATE CHALLAN button. Once you make online payment, system will navigate back to Payments Table.

·         Click the MAKE PAYMENT/POST CREDIT TO LEDGER button to pay off the liabilities or to claim credit in case of no liabilities.

·         After reviewing the details filled, click “Proceed to file”, select authorized signatory and File GSTR-3B with EVC or File GSTR-3B with DSC. (‘Submit’ button has been removed).

Taxpayer can Track status of Return as well as download Return from through Track Return Status functionality available in the dashboard