New Functionalities enabled on GST portal

This is to update you on certain new functionalities enabled on the GSTN portal.

·         Monthly comparison statement of liability declared and statement of ITC claimed: Government has come up with the credit and liability comparison statement which captures monthly comparison of output liability declared in returns (between GSTR-3B and GSTR-1) and ITC availed (between GSTR-3B and GSTR-2A). Further, taxpayers can also download detailed reports capturing the comparison of output liability and shortfall/ excess thereof. Some of the reports available on the GST portal  are mentioned below:

Ø  Comparison of output liability other than export/ reverse charge

Ø  Comparison of output liability due to reverse charge

Ø  Comparison of output liability due to exports and SEZ supplies

Ø  Comparison of ITC availed with GSTR-2A

·         Facility of filing of annual return (GSTR-9): Government has enabled filing of GSTR-9 on GST portal. We have provided hereunder the salient features for ease of reference:

Ø  GSTR-9 can be filed using ‘Prepare Online’ or ‘Prepare Offline’. However, ‘Prepare Offline’ option has not been activated on the GST portal as of now.

Ø  Annual return in Form GSTR-9 once filed cannot be revised.

Ø  Option to download annual summary of GSTR-1 and GSTR-3B has been enabled. Further, computation of ITC based on GSTR-2A is being auto-populated on the portal basis the GSTR-1 filed by the corresponding supplies.

Apart from the above functionalities, Government has also released the proposed return formats.