New Functionalities on GST Portal

Option to change Return filling Frequency

Taxpayers whose turnover is above Rs 1.5 Cr and who have wrongly selected option as quarterly filling, now with this facility they can change the option to monthly. Provided the taxpayer has not filed any return as per wrongly selected quarterly option.

Reduce Penalty payment :

If a Demand Id has created by Tax officials and if payment is made against the demand created, within the specified period of 30 days from the date of communication of the order, the taxpayer is eligible for waiver of 50%.

Supplies from Customs Bonded Warehouse: 
Supplies can be shown as inter- state when made from customs boned warehouse. Changes have been made on GST portal in form 1,2,4 &5.

 Amendments and new feature for ISD: 
Facility to file amendments in form GSTR -6 has been made available to ISD.

Additional details available now in Form GSTR-2A

Information related to amendments made by supplier taxpayers in B2BA, CDNA, ISD & ISDA sections of their returns, are now available to normal tax payer, in auto drafted Form GSTR-2A. Form GSTR-2A is an auto drafted and read only form, based on data uploaded from the saved/submitted returns by supplier taxpayers.

Auto drafted Form GSTR-4A available now on GST Portal

The Composition Dealers can now view auto-drafted Form GSTR 4A related to B2B inward supplies and Debit/Credit Notes received by them in their Return Dashboard. This will be an auto drafted and read only form, based on data uploaded from the saved / submitted details by supplier taxpayers in their returns.

                                                                                                                                              

By :-

CA Simple Seth

Date : 22 May 2018