The CEO of GSTR-3B and GST network said that the businesses who are getting registered with GST will fastly get the return form. “We are moving towards providing taxpayers with a pre-filled GSTR-3B form GST council decided GSTR 3B filing until March 2019 in the 27th meeting. We researched and published some interesting points that why Indian government extended GSTR 3B every time?. so that they can pay their taxes at ease. To start with, an option to edit the form would be provided to allow businesses to make past adjustments, etc”.
The information of sales return GSTR-1 form for the assessee which it uses in his tax payment form GSTR-3B in the form of pdf has previously started providing tax liability it is done by the GSTN who manages the IT backbone for the goods and services tax (GST).
It also gives the assessee the invoice wise input tax credit (ITC) statements Now the system will auto-generate the ITC statement with an invoice break-up on the basis of the details provided by the taxpayer’s supplier. Read more which are generated automatically on the grounds of data furnished by the suppliers of the taxpayers. It mandatory means that the taxpayer will determine how much ITC is obtainable for the month. The liability and ITC are given as separate pdf documents. Post 2 months these two sets of information will start flowing in GSTR-3B return on its own.
The 1st stage for adjoining the GSTR-1 which consists of business to business (B2B) A helpful GST guide for consumers, B2B (Business to Business) and B2C (Business to Consumer) by SAG Infotech. We also included some important GST articles. read more invoice information with the data of export and business to consumer (B2C) exports etc along with GSTR-3B. Now there is no tension to copy and paste several numbers from the sales return form GSTR-1 to GSTR-3B. “These functionalities have been done for monthly filers of GSTR-1 and functionality for quarterly filers will be introduced in due course”
There is 1.26 crore enrolled assessees from which 1.07 crore are intended to file GSTR-1 and GSTR-3B. From 1.07 crore assessee near about 58 lakh files GSTR-1 on a monthly basis while rest files in the quarter terms. Although all the 1.07 crore taxpayers will file a monthly tax return for GSTR-3B.