As we know now with introduction of QRMP system of filing GST return now, GST website has started providing pre filled GST returns.
Earlier also we used to get draft GSTR 3B but that used to be a PDF GSTR 3B and one had to again fill details in GSTR 3B.
However, now with QRMP system various things have changed in GST return filing. Now for everyone GSTR 1 is filed before filing of GSTR 3B. Also, now CBIC is providing quarterly GSTR 2B to check Input tax credit (ITC) and GSTR 3B imports data from GSTR 2B and not GSTR 2A.
Hence, now when you open GSTR 3B, it automatically fetches data from GSTR 1 for outward supplies and it fetches ITC from GSTR 2B and more or less your GSTR 3B is pre filled and you just have to check the data, pay tax if any and file the return.
Thus, now fetching data from GSTR 1 has made it easier and faster for people to file their GSTR 3B but there are a few points which one needs to be keep in mind while filing GSTR 3B with pre-filled data:
When GSTR 3B auto imports data from GSTR 2B it imports all the credit and does not look at it whether that credit has already been taken in previous month or not and as we know GSTR 2B is a static GST return and it shows credit based on GSTR 1 return. Let’s understand the same with an example:
Let’s say you had an invoice having ITC of Rs. 500 in December 2020 but your supplier did not show it in his GSTR 1 return for that month and hence same was not available in your GSTR 2B. However, you took it’s credit in December’s months GSTR 3B.
Now, the supplier showed such invoice in March 2021 GSTR 1 and hence the same would be visible in GSTR 2B for month of March 2021 and not December 2020.
Hence, now when you use pre-filled GSTR 3B, it will import such invoice and it’s credit, however you have already taken credit of such invoice and this create difference in ITC between books and GST return and might lead to a query from GST department.
Thus, looking at the above pre-filled option one should either totally depend on GSTR 2B for input tax credit or always enter credit manually to avoid any mismatch.
Also, one more issue which can bother a taxpayer is paying tax under reverse charge and claiming it’s credit because with pre-filled GSTR returns when you will pay and take credit of such amount in same GST return it will highlight both the column and show it as a mismatch as details of such invoice will neither be available in GSTR 1 or GSTR 2B, but one needs to properly check the details and file the return even if it shows mismatch.
Thus, above are 2 major issues which one would face while filing pre filled GST return.
Comment your experience below while filing returns under QRMP scheme.