GST Reporting requirements

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Finance Controller
44 Points Posted on 24 May 2021

All,

Please can someone confirm if there has been many changes in GST reporting and filing returns during the FY 2020-21 compared to FY 2019-20. Were there many and frequent changes in the requirements.

Thank you

Regards

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On 24 May 2021 at 19:27 Report
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Quick Summary
This discussion addresses changes in GST reporting and filing requirements for the Financial Year 2020-21, comparing it to FY 2019-20. Key updates include modifications to the quarterly filing scheme, with GSTR-3B now filed quarterly from January 2021. A new form allows quarterly filers to upload B2B invoices for buyer ITC claims, and GSTR-2B auto-populates ITC into GSTR-3B.

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GST Consultant
15986 Points Posted on 24 May 2021

There has been a change in quarterly filing scheme. From January 2021 under quarterly scheme GSTR-3B is also filed quarterly. There is also a form for quarterly filers where they can upload b2b invoices so that their buyers can take ITC.

There is a new form GSTR-2B from which ITC gets auto populated in GSTR-3B

Apart from this please ask specific query

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On 24 May 2021 at 19:50
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Chartered Accountant
24588 Points Posted on 24 May 2021
Agree
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On 24 May 2021 at 21:09

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