Quick Summary
1. Registration S. No. Form/Functionality Functionality made available for Taxpayers 1 Enabling CORE Amendment Link For Taxpayers who fail To Update Bank account If the taxpayers failed to updat
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FAQ :
The new functionalities aim to improve the taxpayer experience by streamlining processes for registration, filing returns, and claiming refunds, as well as enhancing data validation.
Newly registered taxpayers can now file core amendment applications even if they previously failed to update their bank account details within the specified period.
A new Table 3.1.1 has been added to Form GSTR-3B from July 2022 onwards, requiring Electronic Commerce Operators and registered persons to report details of certain services supplied through them.
Yes, the late fee for filing Form GSTR-4 (Annual) for FY 2021-22 was waived until 28th July 2022. Any late fees paid earlier have been refunded to taxpayers' cash ledgers.
For FY 2021-22, taxpayers with an annual turnover (AATO) up to Rs 5 Crore must report HSN at a minimum 4-digit level, while those with AATO over Rs 5 Crore must report at a minimum 6-digit level in Table 17 of Form GSTR-9.
A 'FOB value' column has been added to Statement 3 in Form RFD-01 for taxpayers claiming refunds on exports without payment of tax, allowing them to declare the FOB value for processing.
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