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GSTN New System to Send Liability Statement in GSTR 1 Supply Return Via Email

Prakash Kumar Chief Executive Officer at Goods and Services Tax Network (GSTN) on Thursday informed that they are developing a system to send the statement of liability reflected in supply return GSTR 1 Get the complete guide for online filing GSTR 1 form in a step by step manner. Also, we have covered its due dates, penalty, important terms and general queries. Read more to the taxpayer through Email.

Liability Statement in Supply Return GSTR-1 via Email

However, the liability in GSTR 1 needs to be matched with the data of GSTR 3B to avoid any error and wrong payment . The form is normally filled by the seller by the 11th of the succeeding month. The Form contains important details of outward supplies invoice-wise and category-wise. Whereas the form GSTR 3B Get to know details on GST return 3B form along with the online return filing procedure. Also, we mentioned GSTR-3B due dates, penalty & general queries. Read more is the summary return based and on the basis of the same the tax will be paid by the seller.

GSTR 3B contains Category-wise summarized details of inward and outward supplies along with the tax payment details. The GSTR 3B needs to be filled between 20-24 of the succeeding months per the category of the taxpayer.

Read Also: Guaranteed Solved! GSTR 3B & GSTR 1 Common Errors Get the step by step solution of common errors that occur on the official GST portal. Also, we solved GSTR 3B & GSTR 1 major issues for taxpayers. Read more

In an Assocham event Prakash Kumar said that “Very shortly we are going to give a pdf, where respective tables of liability of GSTR 3B based on GSTR 1 will be shown and sent via email to all taxpayers. The idea is whatever you have filed in the GSTR 1 Get to know step by step procedure of GSTR 1 form filing via Gen GST software version 2.0. Also, we have merged all screenshots in one PDF file. Read more and how it goes from different tables of GSTR 1 to 3B, complete mapping with transparency,”. He also added that data analytics has two parts: one, for those who are trying to game the system and second, for policy formulation.

“We have done some scoring, risks scoring and then we are working to categorise we call it classification of tax payers, based on different groups to find out who are the outliers who do not follow the same pattern,” Kumar added.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Sourabh Kumar
Sourabh Kumar is Tech Influencer who wants to explore new fields, Documents and represent his gained knowledge to the world. He is having a vast experience in writing content in Technology, Social Issues, and the education field. Interest in learning new things and sharing observations and knowledge brings him to SAG Infotech as Content Writer. View more posts
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