Business can rectify mistakes in monthly returns GST-3B : Finance Ministry

New Delhi, Jan 2 (KNN) Eyeing at facilitating ease with regard to the filing of returns under the Goods and Services Tax (GST), the finance ministry has allowed business to correct mistakes in their monthly returns – GSTR-3B.

Also the business can now adjust tax liability under the allowed relaxation, the release from the tax office notified.

The move comes in order to provide some relief to the business to claim tax credit and rectify the errors so that the wrong filing doesn’t attract any punitive action against them.

Earlier, Vanaja N Sarna, Chairperson at Central Board of Excise and Customs (CBEC) instructed the tax officials to ensure non-filers of GSTR-3B to be brought under the tax system and are made to file the returns.

Tax needs to be paid or if not, nil tax liability is to be claimed while filing the GSTR-3B. (KNN/ DA)