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Now GSTR 3B liabilities will be calculated by system from GSTR 1

GST expert by GST expert
September 5, 2020
in GST news
0
Now GSTR 3B liabilities will be calculated by system from GSTR 1
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GST department is constantly trying to reduce the load on tax payer while filing their GST return.

Earlier GST department had provided an option to import details of invoice in GSTR 1 from E-way bill system and now it is providing option to let system calculate liabilities under Table 3 of GSTR 3B form GSTR 1.

It is important to note that this facility shall be available only for GSTR 1 monthly filer as of now.

According to the above facility the system will calculate liability and generate PDF few minutes after GSTR 1 is filed.

It will be available in your GSTR 3B tab from the month of August and onwards.

Also the figures available in this PDF shall not be final but it will be available for assistance only.

It has also been mentioned that this facility shall be available for quarterly filers of GSTR 1 also soon.

According to the above information it can be seen that the PDF will just be there for your information and the values will be auto populated.

You can watch the whole video from GST department here: https://twitter.com/Infosys_GSTN/status/1302226519503204354

image_pdfPDFimage_printPrint
Tags: GST updategstr 1
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