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

Launched on the lines of "One Nation, One Taxation", the Goods and Services Tax is represented essentially by the CGST Act and IGST Act 2017. The central government regularly makes changes to different GST provisions for the comfort of the taxpayers. In this article, we will be investigating different ongoing updates and notifications on the GST Portal.

UPDATES

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

In e-invoicing, the notified taxpayers need to set up their solicitations by acquiring an Invoice Reference Number (IRN) from the Invoice Registration Portal (IRP). When IRN is created, subtleties of such solicitations will be auto-populated in separate tables of GSTR-1 and can likewise be downloaded as an excel file. For November 2020, the e-solicitations created will be auto-populated into GSTR-1 out of a steady way and the cycle for the entire month will be finished by second December 2020. In any case, the taxpayers are encouraged to record GSTR-1 for October all alone as the handling of archives has no impact on the filing of GSTR-1 for October.

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.

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-

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

From 1st December 2020, onwards, the blocking of the EWB generation facility would be made applicable to all the taxpayers.

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 Tax, CBIC 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.

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.

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)

GST COMPLIANCE CALENDAR 2020

*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.