Paying GST? Soon get liability statement shown in supply
return GSTR-1 through email
GST Network is working on a system to provide statement
of liability shown in supply return GSTR-1 through
emails to taxpayers, its CEO Prakash Kumar said on
Thursday. The liability in GSTR-1 should match that
shown in GSTR-3B to avoid any mismatch and wrong payment
of taxes. While GSTR-1 is filed by sellers and contains
invoice-wise and category-wise details of all outward
supplies. This has to be filed by 11th of the succeeding
month. GSTR-3B is the summary return based on which tax
is paid by the seller.
It contains category-wise summary of both inward and
outward supplies and tax payment details. This has to be
filed between 20-24th of the succeeding month depending
on the category of taxpayer. “Very shortly we are going
to give a pdf, where respective tables of liability of
GSTR-3B based on GSTR-1 will be shown and sent via email
to all tax payers. The idea is whatever you have filed
in the GSTR-1 and how it goes from different tables of
GSTR-1 to 3B, complete mapping with transparency,” Kumar
said at an Assocham event here. He said data analytics
have been divided into two parts one, for those who are
trying to game the system and second, for policy
formulation.
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