The GSTN has facilitated a PDF statement of GSTR-1 while filing GSTR-3B. The PDF statement will be prepared on the basis of the values reported by the taxpayers, in their GSTR-1, for the tax period. This facility would be available on the GSTR-3B dashboard, from tax period of August 2020 onwards, containing the information of GSTR-1 filed by them on or after 04 September 2020.
This facility is extended to all taxpayers registered as a Normal taxpayer, SEZ Developer, SEZ unit and casual taxpayer.
In other words, following tables of GSTR-3B would be auto drafted, on basis of values reported in GSTR-1, for the said period:
It has been further provided that in case any of the above values is negative as per GSTR-1, those figures would be mentioned as Zero in the auto-drafted PDF and will not be carried forward to next period. Further, the turnover and tax would be computed after taking into account credit notes, debit notes, amendments and advances, if any. Lastly, it has been provided that only filed GSTR-1 statements would be considered for auto-population of the values in Form GSTR-3B.
Disclaimer:
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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