1. *GSTR 2B*
Generation of Form GSTR 2B will be auto populated on the basis of details in GSTR 1 furnished by the suppliers till 11th of the month. Hence, GSTR 2B for the month of December 2020, will be auto populated on 12th January, on the basis of GSTR-1 filed by the suppliers from 12th December to 11th January.
2. *Annual Aggregate Turnover on GST Portal*
Annual aggregate turnover, for the Financial Year 2019-20, will be auto populated on the dashboard. For opting the recent new Quarterly Return Monthly Payment, also turnover is the important parameter.
3. *Auto Populated Form GSTR 3B*
Form GSTR 3B is getting auto populated from the month of November 2020.
The table 3, which talks about sales, is being reflected from GSTR 1, which you have filed by 11th of the month. And all the tables relating to ITC are being auto populated from Form GSTR 2B. GSTR 2B is auto populated from the GSTR-1 uploaded by your suppliers till 11th of the month.This system generated GSTR 3b, can be downloaded in PDF format.
If you are entering values which are more than 5% of the values in the system generated GSTR 3B, then you will get messages saying, so and even those tables will get red coloured. Although, CBIC has clarified that, taxpayer should ignore the message, about RCM. If one has entered RCM liability more than 10% as system generated, then they have to ignore such message, and declare actual RCM liability.
4. *GSTR 9C Offline Utility for FY 2019-20 is now available on GST Portal*
5. *Quarterly Return and Monthly Payment (QRMP) Scheme*
The new scheme QRMP have been introduced now. Taxpayer having turnover less than Rs. 5 Crore, can opt for this. In such case, taxpayer have to make payment of tax monthly and file GSTR 1 and GSTR 3B quarterly. Also, facility of IFF, have been made applicable for them. By which taxpayers can file B2B invoices in advance monthly.
6. *E-Invoicing*
E-invoicing facility has been made applicable now for Taxpayers having turover from Rs. 100 to 500 Crore. Log in credentials have been made available to them. Also, facility of E – way bill generation and E-invoicing has been interlinked. E-invoicing is mandatory for taxpayers having aggregate turnover above Rs. 100 Cr from 01st Jan 2021. Previously, it was applicable till 500 Crores.
7. *Facility of auto-population of details from e-invoices into GSTR-1.*
Auto-population of details from e-invoices into GSTR-1 is the new facility available for the taxpayers. However, as per the GSTN advisory, its just a facility. After viewing the auto-populated data, the taxpayer shall verify the propriety and accuracy of the amounts and all other data in each field, especially from the perspective of GSTR-1 and file the same, in the light of relevant legal provisions.
8. *GSTR-1 can’t be filed on non-filing of GSTR-3B*
As per Notification No. 01/2021, a registered person shall not be allowed to furnish the details of outward supplies of goods or services or both in FORM GSTR-1, if he has not furnished the return in FORM GSTR-3B for preceding two months.
Also, a registered person, required to furnish return for every quarter will not be allowed to furnish the details of outward supplies of goods or services or both in FORM GSTR-1 or using the invoice furnishing facility, if he has not furnished the return in FORM GSTR-3B for preceding tax period.
9. *New Facility of “Communication between Taxpayers” in GST Portal*
10. *Un-blocking of E-Way Bill (EWB) generation facility by Online filing of application*
A facility has now been provided to the taxpayers on the GST Portal to file an application online for unblocking of their E-Way Bill generation facility (in Form EWB-05), in case their EWB generation facility has been blocked on the EWB Portal.
Tax Officer can issue an order (in Form EWB-06) approving the taxpayer application for unblocking the EWB generation facility. After which their EWB generation facility will be restored for the duration specified in the order.
Source ;-FB friend
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