Quick Summary
As part of our constant endeavour to provide a smooth and hassle free experience to the taxpayers and simplify the process for them, to comply with their GST compliances, following functionalities are recently deployed or are being deployed on the portal shortly:
| Sl.No. | Module | Form/ Functionality | Functionality released/ to be released for Taxpayers |
| 1 | Ledgers | Negative liability statement made available to composition taxpayers |
|
| 2 | Returns | Download of Form GSTR-4A in excel and auto-population of its details in Form GSTR-4 of the composition taxpayer |
|
| 3 | Front Office | Inclusion of common names in the HSN Directory and its download in excel format by the taxpayers |
|
The above is for your information.
Thanking You,
Team GSTN
FAQ :
The Negative Liability Statement allows composition taxpayers to maintain a negative tax balance, which will be automatically adjusted against liabilities in subsequent tax periods.
A facility to download Form GSTR-4A details in an Excel file will be made available to composition taxpayers shortly.
The Excel file will provide a consolidated summary of supplies for the financial year, which will be auto-populated into Table 4A and 4B of their annual return, Form GSTR-4.
The HSN Directory on the GST portal has been updated to include common product names used in trade that correspond to specific HSN codes.
Yes, taxpayers can now download the entire HSN directory in Excel format from the GST portal under the 'Search HSN' functionality.
CAclubindia
