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Recent Updates on the GST Portal and Due Date Compliances - November 2020

Shweta 
on 17 November 2020

LinkedIn


Launched on the lines of “One Nation, One Taxation”, the Goods and Services Tax is governed primarily by the CGST Act and IGST Act 2017. The central government routinely makes changes to various GST provisions for the convenience of the taxpayers. In this article, we will be looking into various recent updates and notifications on the GST Portal.

UPDATES

1. Auto-population of e-invoice details into GSTR-1

In e-invoicing, the notified taxpayers have to prepare their invoices by obtaining an Invoice Reference Number (IRN) from the Invoice Registration Portal (IRP). Once IRN is generated, details of such invoices will be auto-populated in respective tables of GSTR-1 and can also be downloaded as an excel file. For November 2020, the e-invoices generated will be auto-populated into GSTR-1 in an incremental manner and the process for the whole month will be completed by 2nd December 2020. However, the taxpayers are advised to file GSTR-1 for October on their own as the processing of documents has no effect on the filing of GSTR-1 for October.

To read the instructions for the auto-population of e-invoice details into GSTR-1 click here.

2. Auto-population of Form GSTR 3B for taxpayers

The auto-populated GSTR Form 3B introduced by GSTN is applicable from October 2020 tax period onwards and will include the following-

• Liabilities in Table 3.1(a, b, c, and e) and Table 3.2 from Form GSTR-1

• Liability in Table 3.1(d) and Input Tax Credit (ITC) in Table 4 from auto-drafted ITC Statement from Form GSTR-2B

This feature is available for those registered as a casual taxpayer, normal taxpayer, SEZ Developer, and SEZ unit. Taxpayers can access their Form GSTR-3B (PDF) by logging in to the GST Portal, clicking on the “Returns Dashboard”, and selecting a return period. Thereafter, one needs to select “System Generated 3B” under the GSTR-3B tab.

To read all about the auto-populated Form GSTR-3B (PDF), which is available from the month of October 2020 onwards, click here.

Recent Updates on the GST Portal and Due Date Compliances - November 2020

3. Due dates for filing GSTR-3B for October 2020 to March 2021

The CBIC, vide Notification No. 82/2020 - Central Tax, has provided for staggered filing of Form GSTR-3B, for the tax periods from October 2020 till March 2021. The details are as follows-

Taxpayers with aggregate turnover (PAN-based) in the previous financial year

Principal place of business in the State/ UT of

Due date of filing of Form GSTR 3B from October 2020 to March 2021

Over INR 5 Crore

All states and UTs

20th day of the following month

Up to INR 5 Crore

States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana and Andhra Pradesh, the Union territories of Daman and Diu, Dadra and Nagar Haveli, Puducherry, Andaman, and Nicobar Islands and Lakshadweep

22nd day of the following month

Up to INR 5 Crore

States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh, and Delhi

24th day of the following month

4. Facility to check annual aggregate turnover of the preceding financial year is now available on the portal

5. From 1st December 2020, onwards, the blocking of the EWB generation facility would be made applicable to all the taxpayers. Read more about this update here.
 

NOTIFICATIONS

1. Vide Notification No. 81/2020 - Central Tax, CBIC notifies 10th November as the date of applicability of the amendment in Section 39 of the CGST Act, 2017.

2. Vide Notification no. 82/2020 - Central Tax, CBIC makes 13th amendment (2020) to the CGST Rules 2017.

3. Vide Notification No. 83/2020 - Central Tax, CBIC extends the time limit for furnishing details of outward supplies in GSTR-1.

4. Vide Notification No. 84/2020 - Central TaxCBIC notifies class of persons under proviso to section 39(1) of the CGST Act and new rules for monthly/quarterly filing of GSTR-1.

5. Vide Notification No. 85/2020 - Central Tax, CBIC notifies a special procedure for making payment of tax liability in the first two months of a quarter, in case a person has opted to furnish a return for every quarter.

6. Vide Notification no. 86/2020 - Central Tax, CBIC rescinds notification dated 15th October related to the due dates of filing GSTR-3B.

7. Due date for filing ITC-04 for July 2020 to September 2020 extended

Vide Notification No. 87/2020- Central Tax, CBIC has extended the due date for filing ITC-04 (job worker return), regarding goods dispatched to a job worker or received from a job worker, during the period July-September 2020, to 30th November 2020.

8. GST e-invoicing made mandatory from Jan 2021 if turnover exceeds INR 100 Crores

Vide Notification No. 88/2020 - Central Tax, CBIC has notified that e-invoicing is mandatory from 1st January 2021 for every taxpayer (other than an SEZ unit) whose aggregate turnover in any of the Financial Year from 2017-18 exceeds INR 100 Crores.

You can read a detailed analysis of the notifications (SL No 1-8) over here.

9. CBIC issues circular explaining Quarterly Return Monthly Payment Scheme (QRMP)

To facilitate the ease of doing business, the government has introduced the QRMP scheme. Herein, a registered person having aggregate turnover up to INR 5 crore can furnish return on a quarterly basis along with monthly payment of tax. However, if the aggregate turnover exceeds INR 5 Crore during any quarter in the current financial year, the registered person won’t be eligible for the scheme from the next quarter. This scheme will be effective from 1st January 2021. To implement the scheme, the government has issued Notification No. 81/2020; 82/2020; 84/2020; 85/2020 - Central Tax, dated 10.11.2020. You can read details of the circular and the rules of the scheme over here.

10. Auto-drafted ITC statement in new form 2B

The CBIC has released a new GST Form 2B that will be auto-generated based on the information given by the suppliers in their respective Form GSTR-1, 5, and 6. Form 2B will consist of-

• A summary of ITC available as on the date of its generation and is divided into a ‘Credit that can be Availed’ and ‘Credit that is to be Reversed’ (Table 3)

• A summary of ITC not available and is divided into ‘ITC Not Available’ and ‘ITC Reversal’ (Table 4)

For more information on this, click here.

GST COMPLIANCE CALENDAR 2020

Compliance Particulars

Tax Period

Due Date (2020)

Filing of GSTR- 7 by taxpayer liable for Tax Deducted at Source (TDS)

October

10th November

Filing of GSTR- 8 by e-commerce operator required to deduct TCS (Tax Collected at Source)

October

10th November

Filing of GSTR-1 (summary of outward supplies) where aggregate turnover > INR 1.50 Cr (in Preceding FY or Current FY)

October

11th November

Filing of GSTR- 6 monthly return by Input Service Distributor

October

13th November

Filing of GSTR- 5 monthly return by Non- Resident Taxable Person

October

20th November

Filing of GSTR- 5A monthly return to be filed by the OIDAR Service Provider

October

20th November

Payment of tax and filing of GSTR-3B for taxpayers having an aggregate turnover > INR 5 Cr in the preceding FY

October

20th November

Payment of tax and filing of GSTR- 3B for Group A* taxpayers having an aggregate turnover up to INR 5 Cr. in the preceding FY

October

22nd November

Payment of tax and filing of GSTR- 3B for Group B** taxpayers having an aggregate turnover up to INR 5 Cr. in the preceding FY

October

24th November

 

*Group A- Those whose principal place of business is in Chhattisgarh, Madhya Pradesh, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman & Nicobar Island, Telangana, Andhra Pradesh.

**Group B- Those whose principal place of business is in Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Uttarakhand.

 

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