, ET Online|
Feb 22, 2018, 12.31 PM IST
The government on Wednesday came out with a simplified
version of GSTR-3B, making it more user-friendly amidst indications that it may
possible be used even beyond March 31.
According to a note prepared by PwC, GSTN has
made the following key changes in the process of filing GSTR 3 B:
1. Tax payment – Earlier, a taxpayer was required to Submit
the return to ascertain the tax liability amount. Post submission, no changes
were allowed. Now, the tax liability to
be paid in cash/ credit will be shown before submitting the return.
2. Challan generation – Tax payment challan can now be
auto-generated after offsetting the input tax credit available in credit
ledger. Taxpayer, however, has an option to edit the credit amount to be
utilized and not to consider the system generated credit utilisation. Earlier,
the assessee had to manually fill in the credit utilization amount and generate
the challan.
3. Download facility of draft
return – A new feature
of downloading draft return at any stage has been provided to verify the saved
details offline.
4. Auto-fil of tax amount – Taxpayer now need to fill either CGST or SGST/UTGST
amount, other tax will get auto filled.
Further, detailed user manuals providing step
wise details of the return filing process has been made available to
businesses.
“This is a welcome step towards making the tax
filing process more user friendly. It makes the system less rigid and reduces
the chances of inadvertent errors. With this, hopefully, the businesses would
find it easier to file returns which would in turn increase the level of
compliances. It also indicates that the Government intends to continue with monthly
Form 3 B returns post March 2018 as well,” says Pratik Jain, Partner &
Leader, Indirect Tax, PwC.
According to Archit Gupta, Founder and CEO,
ClearTax such changes will make filing simpler and faster and reduce manual
input to tax payment which could throw off errors. “Several user friendly
changes have been made in the GSTR-3B filing flow. Now users can view their tax
liability before submitting. And view cash/credit ledger offset available to
them and the tax to be paid before submission of their GSTR-3B return.”
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