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GST Portal enables Offline Tool to prepare Form GSTR-4 Annual Return by Composition Taxpayers

GST Portal enables Offline Tool to prepare Form GSTR-4 Annual Return by Composition Taxpayers

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The Goods and Services Tax (GST) Portal has enabled the offline tool to prepare to form GSTR-4 Annual Return by Composition Taxpayers.

An EXCEL based offline tool has been provided on the GST portal for composition taxpayers to prepare their GSTR-4 Annual Return.

2.Details which can be entered in Offline Tool: Users can enter details in various Tables like Table 3 (a) (Aggregate turnover for previous FY), 4A (Inward supplies from registered suppliers), 4B & 4C (Inward supplies received from a registered/ unregistered supplier on RCM basis), 4D (Import of services) & 6 (only Row 12 to 16: Tax rate wise details of outward supplies during the year (net of advances, credit/debit notes/adjustments)).3. Details which are un-editable in Offline Tool: Details in Table 5 (Summary of self-assessed liability as per FORM GST CMP-08), 6 (Row 1 to 11: Tax liability on RCM basis auto-populated from Table 4B, 4C & 4D) & 7 (TDS/TCS Credit received) are non-editable.4. Some important points related to using offline tool are:
• Click on the `Validate` button, to validate data in each worksheet in the offline tool, after all, details have been filled in that sheet.
• In case of validation failure of details on uploading the JSON file, an error file will be generated with status as `Processed with Error`. This file can be downloaded, open offline too, corrected, and can be uploaded again by creating a JSON file again.
• Upon upload of this JSON file, these records will get incrementally added to the records uploaded earlier. If there are pre-existing records on the Portal, against the same PAN/GSTIN, those details will get replaced/updated.
• Payment of Taxes can be made only online after logging into the GST Portal.

Read more:https://tutorial.gst.gov.in/downloads/gstr4annualofflineutility.pdf  

Source: TaxScan.

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GST
GST Portal restores GST Returns data for the year 2017

GST Portal restores GST Returns data for the year 2017

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The Goods and Services Tax ( GST ) Portal has restored the GST Returns data for the year 2017.

In a statement published in GST Portal said that, Facility to view, file and download returns of the period July 2017 has been restored on the portal. The functionality to enable taxpayers for filing revocation application again, in view of ROD order No.01/2020 has been implemented w.e.f. 6thAug, 2020

A couple days back taxpayers were unable to view, file or download returns on the GST Portal for the year 2017.

The professionals and taxpayers had lodged complaints for lost data of the year 2017.
Recently, the twitter handle of GSTN it had clarified that the facility to view, file, and download returns from the period July 2017 will shortly be restored.

Source: Taxscan.

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Offline version for GSTR-4 launched on GST portal
GST Network makes annual returns available online for composition dealers

GST Network makes annual returns available online for composition dealers

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The GST Network (GSTN) has made the annual returns for composition tax payers available on the GST portal. Composition dealers are those with the annual turnover of Rs 1.5 crore and who opt for a flat tax rate in GST, but without input tax credit.

This will enable 1.7 million composition dealers to file their returns on an annual basis with effect from 2019-20. Prior to this period, the composition tax payers were required to file their returns every quarter. From 2019-20, only a statement is required to be filed in the relevant form.

The deadline for filing annual returns for the composition dealers for 2019-20 has been extended to August 31 this year.

Source: Business-Standard.

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  • Manage your GST and E-WayBill Software anytime anywhere using multiple devices
GST- FAQs
GSTN releases FAQs on filing Form GSTR-3B as NIL

GSTN releases FAQs on filing Form GSTR-3B as NIL

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The Goods and Service Tax Network (GSTN) releases FAQs on filing Form GSTR-3B as NIL.

Firstly, “Form GSTR-3B can be filed as a nil return if there are no outward supplies as well as a liability (including reverse charge liability) in the month, for which the return is being filed. This form can be filed nil, in both online mode and in offline mode (by SMS),” the GSTN clarified.

Secondly, the GSTN further stated that Nil Form GSTR-3B for a tax period can be filed, if the person Has not made any Outward Supply and do not have any reverse charge liability; do not intend to take any Input tax credit and do not have any Liability for that particular or earlier Tax Periods.

Thirdly, it was clarified that the Filing of Form GSTR-3B is mandatory for all normal and casual taxpayers, even if there is no business activity in any particular tax period. So, for such tax period(s), the return can be filed as NIL (if all conditions for filing Nil return are satisfied).

Fourthly while answering the question as to when can Nil Form GSTR-3B be filed, the GSTN clarified that a taxpayer may file Nil Form GSTR-3B, anytime on or after the 1st of the subsequent month for which the return is being filed for.
Instead of filing Nil Form GSTR-3B through online mode on GST Portal, it can be filed through SMS also.

However, for filing Nil Form GSTR-3B through SMS certain conditions needs to be fulfilled which includes taxpayer must be registered as Normal taxpayer/ Casual taxpayer/ SEZ Unit / SEZ Developer and must have a valid GSTIN; authorized signatory and his/ her phone number must be registered on the GST Portal; there is no pending liability of previous period tax, interest or late fee while filing Nil Form GSTR-3B; all GSTR-3B return of previous tax periods must be filed; and there must not be any data in saved stage, in the online version of Form GSTR-3B, on the GST Portal.

https://www.taxscan.in/preview/?previews=1nOM2yzPDgkNEW9Yo-T5xOMbJbC0G573s/

Source: TaxScan.
GST
CBIC enables Facility for Registration of Insolvency Resolution Professionals on GST Portal

CBIC enables Facility for Registration of Insolvency Resolution Professionals on GST Portal

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The Central Board of Indirect Taxes and Customs ( CBIC ) has enabled the facility for registration of Insolvency Resolution Professionals/ Resolution Professionals (IRPs/RPs) on the GST Portal.

Insolvency Resolution Professionals/ Resolution Professionals (IRPs/RPs), appointed to undertake corporate insolvency resolution proceedings for Corporate Debtors, in terms of Notification. No 11/2020-CT, dated 21st March 2020 can apply for a new registration on GST Portal, on behalf of the Corporate Debtors, in each of the States or Union Territories, on the PAN and CIN of the Corporate Debtor, where the corporate debtor was registered earlier, within thirty days of their appointment as IRP/RP.

They should select the Reason for Registration as “Corporate Debtor undergoing the Corporate Insolvency Resolution Process with IRP/RP” from the drop-down menu.

The date of commencement of business for IRP/RPs will be the date of their appointment. Their compliance liabilities will also come into effect from the date of their appointment.

The person appointed as IRP/RP shall be the Primary Authorized Signatory for the newly registered Company.

In the Principal Place of business/ Additional place of business, the details as specified in the original registration of the Corporate Debtors are required to be entered.

The new registration application shall be submitted electronically on GST Portal under DSC of the IRP/RP
The new registration by IRP/RP will be required only once. In case of a change in IRP/RP, after an initial appointment, it would be deemed to be a change of authorized signatory and not an appointment of a distinct person requiring a fresh registration.

In cases where the RP is not the same as IRP, or in cases where a different IRP/RP is appointed midway during the insolvency process, the change in the GST system may be carried out by a non- core amendment in the registration form.

The change in Primary Authorized Signatory details on the portal can be done either by the authorized signatory of the Company or by the concerned jurisdictional officer (if the previously authorized signatory does not share the credentials with his successor) on request of IRP/RP.

Source: TaxScan.

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GSTN
GST officers process 10,077 new registrations, 7,876 refund applications in 10 days of lockdown

GST officers process 10,077 new registrations, 7,876 refund applications in 10 days of lockdown

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GST Network on Sunday said tax officers have processed over 10,000 new registrations and about 8,000 refund applications in the first 10 days of lockdown till April 3, working through Virtual Private Network (VPN).

In a statement, the Goods and Services Tax Network (GSTN) said it has enabled tax officers of different states and union territories (UTs) to access their office during the lockdown period, and is providing secured access to the office network on request.

Till March 31, 2020, GSTN had enabled 1,748 tax officers from 18 states/UTs to access office through VPN, a secure way to access office network.
This is in addition to the three hill states which already connect to the GST System using VPN.

“A total number of 20,273 registration-related cases were processed during the first 10 days of lockdown, i.e. from March 25 to April 3, 2020. This includes 10,077 cases of new registration, 3,377 cases of core amendment, 3,784 cases of cancellation by application, 1,966 cases of cancellation by suo moto and 1,069 cases of revocation,” GSTN said.

“Similarly, 7,876 cases of refund were also processed during the period,” it added.
The government announced a 21-day nationwide lockdown, beginning March 25, to contain the spread of coronavirus.

Apart from 1.23 crore taxpayers, GSTN provides technology services to 29 states/UTs for implementation of GST.

For these states and UTs, GSTN provides back-office applications like processing of registration application, processing of refund applications, audit, assessment, appeal, among others, for all their tax officers, which is different from the front-end interface used by the taxpayer — GST portal.

Soon after the lockdown was announced, GSTN offered secured access to all these states to enable their officers to work remotely.

“VPN is helping officers to avoid the backlog which could have happened if the cases were not processed during the lockdown. With the provision of auto-approval of applications, if not processed by the tax officer in a time-bound manner, the officers want them to do it manually to avoid any future complication,” GSTN said.

Source: Times-of-India

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gst advisory
GSTN issues Advisory on Tracking GST Refund Application Status on GST Portal and PFMS portal

GSTN issues Advisory on Tracking GST Refund Application Status on GST Portal and PFMS portal

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The functionality of tracking the status of the refund application has been available on the GST portal. By utilizing this functionality, the taxpayers can know the stage at which the refund application is pending with the tax-officer/ taxpayer.

A tax officer can issue payment orders only after the Public Financial Management System (PFMS) has validated the bank account mentioned in the refund application (RFD-01). Similarly, the final disbursement of the refund amount sanctioned by the tax officer happens only after (PFMS) has validated the bank account mentioned in the payment order (RFD-05). Thus, validation of the bank account takes place at two stages. However, the exact detailed status of bank account validation is not available on the GST Portal.

The Public Financial Management System (PFMS) of the Controller General of Accounts (CGA) has made available a central portal to track the status of bank account validation and disbursal of refund amount. By visiting the PFMS portal the taxpayer can track the status of bank account validation.

This advisory is being issued for the benefit of the taxpayers in order to make them aware of the ways in which they can track the status of their refund applications on both the Portals.

for the detailed info https://tutorial.gst.gov.in/downloads/news/Advisory%20on%20Refund%20Tracking.pdf

Source: TaxScan.

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GSTR
Just one out of 4 assessees has submitted GST audit conciliation report so far for FY18

Just one out of 4 assessees has submitted GST audit conciliation report so far for FY18

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Three out of four Goods & Services Tax (GST) assessees have yet to submit audit conciliation statement for fiscal year 2017-18 (FY 18). The due date for submitting it is January 31.

It is mandatory to file an annual return. There are three annual return forms, GSTR 9, GSTR 9A and GSTR 9C. Every GST assessee (those who submitted all the monthly return forms of GSTR 3B and GSTR 1) has to file an annual return in GSTR 9.

Among these assessees, every registered taxable person whose turnover during a financial year exceeds ₹2 crore, will also be required to get his accounts audited by a chartered accountant or a cost accountant and then submit a reconciliation statement in GSTR 9C along with GSTR 9. The assessees under the composition scheme (businesses with turnover up to ₹1.5 crore) will be required to file the GSTR 9A form.

According to data made available with the GSTN as on January 27, the IT backbone of indirect tax system, out of the 67.64 lakhs eligible to GSTR 9, little over 31 lakh, or nearly 46 per cent of assessees, have filed.

For GSTR 9A, the number of eligible assessees is around 19 lakh, but around only 7.38 lakh assessees, or 39 per cent, have filed the returns so far.

However, the bigger problem is with big assessees who have to submit an audit report. Out of 12.42 lakhs eligible assessees, only around 3 lakh have filed, which is around 24 per cent.

Assessees and experts on one side and tax officials on the other have their own set of arguments to explain the current impasse.

One of the common grouse from assessees is network problem. It was alleged that the GSTN portal was not responsive last week (during January 20-22) and hence the number of filings was abysmally low. The tool was showing “Error Occurred” or “Processed but pending” as the status and was not generating the report. Also, the 9C utility was not accepting copy paste, so taxpayers had to manually punch in the data, resulting in delay in uploading

According to tax consultants, dealers are trying to upload the financials without checking the file size and that resulted in delays. The utility has prescribed 5 MB as the size limit. Where annual return in Form GSTR 9 is filed, the GSTR 9C utility should get auto populated with the details available in GSTR 9.

However, there were instances where taxpayers were unable to download the JSON file of GSTR 9C with auto populated data.

However, GSTN officials said that there is general tendency to wait for the last date in the anticipation that it will be extended and that is why the pace of filing return has been slow so far. Some officials said that there are also connectivity issues at the assessees’ end which is also creating problems.

“Many of the audit reports have internal firewalls, which is causing problems,” one of the official said while emphasising the fact that GSTN is very responsive and ready to help and support. In fact, it has provided all the help at the specially created twitter handle @askGSTtech.

Harpreet Singh, Partner, said that technical glitches in uploading the GST annual reports such as slow system responsiveness, 9C utility not accepting copy-paste option, non-population of GSTR 9 fields in downloaded JSON file of GSTR 9 were some of the issues that could have resulted in the low compliance number during last week.

“Given the multiple delays, ideally the annual filings should have been appropriately staggered during the last few months, surprisingly, that does not appear to be the case,” he said.

Source: The Hindu-Business-Line.

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Our GST software enables you to file your GST returns free of any hassle. Get more details by writing to us at gst@xattax.in.

gstr-3b
CBIC enables RESET option for GSTR-3B in GST Portal

CBIC enables RESET option for GSTR-3B in GST Portal

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The Central Board of Indirect Taxes and Customs ( CBIC ) has enabled RESET option for GSTR-3B in Goods and Services Tax ( GST ) Portal.

This facility can be used in GST Portal where GST Return submitted but it is not filed.

GSTR-3B is a monthly return. All regular taxpayers need to file this return till March 2019. You can file your return on GST Portal.

The Goods and Service Tax (GST) mandates the filing of GSTR 3B return even by those taxpayers with nil returns. It is a monthly self-declaration form that has to be filed by all taxpayers irrespective of the returns.

Get Your GST Returns Filed Easily and
Effortlessly!!!

Our GST software enables you to file your GST returns free of any hassle. Get more details by writing to us at gst@xattax.in. 

Source: TaxScan.
gst invoicing
Government sets timeline for GST e-invoicing, trial to start January 1, 2020

Government sets timeline for GST e-invoicing, trial to start January 1, 2020

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The Government has come out with the timeline for the new e-invoicing system under GST and the limit of application for each category. Accordingly, it has been decided by the government that businesses having a turnover of Rs.500 crore or more would take up e-invoicing from January 1, 2020 on voluntary and trail basis.

According to a statement, businesses with turnover of Rs.100 crore or more would start e-invoicing on voluntary and trial basis from February 1, 2020. However, from April 1, 2020, which is also the beginning of the net fiscal, e-invoicing will be mandatory for both these businesses categories. For businesses having turnover less than Rs 100 crore, it would remain voluntary and on trial basis from April 1, 2020.

“Having done full preparation for last 6 months to introduce E-invoicing system, the government has decided to start ‘E-invoicing’ in a phased manner for generating business to business (B2B) invoices on voluntary basis,” read the statement.

The e-invoicing system would help to generate invoice in a standard format so that invoice generated on one system can be read by another system and reporting of e-invoice to a central system becomes possible.

“The adoption of these standards would not impact the users of invoice; however, all the accounting software would adopt the new e-invoice standard wherein they would re-align their data access and retrieval in the standard format,” said the statement.

The generation of e-invoice will be the responsibility of the taxpayer who will be required to report the same to Invoice Registration Portal (IRP) of GST. This portal will generate a unique Invoice Reference Number (IRN) and digitally sign the e-invoice and also generate a QR code. The QR Code will contain vital parameters of the e-invoice and return the same to the taxpayer who generated the document in first place. The IRP will also send the signed e-invoice to the recipient of the document on the email provided in the e-invoice.

It is to be noted that e-invoice would not mean generation of invoices from a central portal of tax department or GSTN and the taxpayer would continue to use his accounting system/ERP or excel based tools or any such tool for creating the electronic invoice as s/he is using today.

Source: Economic-Times

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