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New version of GST return allows rectification of tax liability before submission of the return

Updated: Feb 22, 2018 07:53:25am

GSTN simplifies GSTR-3B filing

New Delhi, Feb 22 (KNN) Simplifying the version of GSTR-3B, the Goods & Services Tax Network (GSTN) has made certain changes in the process of filing the GSTR 3B and henceforth making it more user friendly.

The simplified version can likely be used even beyond March 31.

According to a note prepared by PwC, GSTN has made changes in sections like challan generation, download facility of draft return, auto-fil of tax amount etc.

According to PwC, the key changes are:

  -- Tax payment section, earlier, a taxpayer was required to Submit the return to ascertain the tax liability amount. Post submission, no changes were allowed. Now, the tax liability to be paid in cash/ credit will be shown before submitting the return.

  -- Challan generation – Tax payment challan can now be auto-generated after offsetting the input tax credit available in credit ledger. Taxpayer, however, has an option to edit the credit amount to be utilized and not to consider the system generated credit utilisation. Earlier, the assessee had to manually fill in the credit utilization amount and generate the challan.

  -- Download facility of draft return – A new feature of downloading draft return at any stage has been provided to verify the saved details offline.

  -- Auto-fil of tax amount – Taxpayer now need to fill either CGST or SGST/UTGST amount, other tax will get auto filled.

"One area where a few taxpayers were making errors frequently was utilisation of input tax credit and computation of balance payment in cash. By improving the user interface and redesigning the process, filing of GSTR-3B has been made considerably more convenient," GSTN Chief Executive Officer Prakash Kumar said.

In a statement, the GSTN said that all information required has been placed at one place for the taxpayer filing the return.


  1. harisha reddy
    harisha reddy 15/05/2018 10:10 AM

    Impact of GST on Banking Sector Registration: As per Model GST Law, banks having branches in multiple States and Union Territories (UTs) will be required to register in each such State and UT. Currently, banks follow the Zonal or Regional structure where for one large State, there may be more than one Zone and conversely, one Zone may comprise more than one State.

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