Taxpayers Can Compare GST In Final, Summary Return Forms, Says GSTN
An employee displays a receipt book showing a store’s goods and services tax identification number (GSTIN) in an arranged photograph in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Taxpayers Can Compare GST In Final, Summary Return Forms, Says GSTN


The Goods and Service Tax Network said businesses registered under the GST can now compare the tax liability declared as well as input tax credit claimed in their final and summary sales returns forms.

The GSTN, which handles the technology backbone for the new indirect tax, has provided a facility to the taxpayers to view and download a report on tax liability as declared in their form GSTR-1 (final sales return) and as declared and paid in their return filed in form GSTR-3B (summary sales return).

While GSTR-1 for a month is filed by the 11th day of the succeeding month, GSTR-3B is filed and taxes paid by the 20th day of the succeeding month.

GSTN, in a statement said, since GSTR-1 and GSTR-3B are filed independent of each other, a need was felt to provide facility to view liability declared in both the forms at one place.

The new facility enables the taxpayers to view these two liabilities in one table for each return period at one place, which can be compared. This will enable taxpayers to make good of any differences between the two forms filed by them on GST portal, GSTN said.

Further, the GSTN has also provided taxpayers information regarding data of input tax credit as claimed in their form GSTR-3B and as accrued in form GSTR-2A, based on the return uploaded by the supplier.

This functionality has been provided in “Returns” dashboard on the GST Portal to taxpayers under the headings "Comparison of liability declared and ITC claimed".

"This facility will help taxpayers in reconciling their liability and ITC details quickly. They can view the monthly comparison as well as cumulative comparison up to the month, on the GST Portal in the tables provided. This will help them in taking corrective steps," GSTN Chief Executive Officer Prakash Kumar said.

Also read: Government Releases Three New GST Return Forms

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