12 KEY CHANGES IN GST PORTAL COMING SOON
12 Major changes in gst portal will be coming soon…
1. Enhancement of the capacity of the GSTN common portal to handle 3 lakh taxpayers at any single point of time (increased from 1.5 lakh currently.
2. Option to download GSTR 2A for up to 500 transactions immediately as opposed to the current practice where taxpayers are required to raise a request for generation of Form GSTR 2A in excel form.
3. Facility to create vendor/ customer master for the taxpayer on the portal dashboard.
4. A matching tool for taxpayers on the GST portal to match the details of purchase register and GSTR 2A.
5. A communication channel between buyer and supplier, to communicate with vendor for the missing invoices.
6. Compilation of common errors encountered by taxpayers on the portal and the solutions thereof, along with videos.
7. Additional columns in Form GSTR 2A to include date of filing of GSTR 1 and GSTR 3B of the vendor.
8. In case of amended invoices, Form GSTR 2A shall show both amendment date and original return filing date which shall help in keeping track of the amended invoices.
9. IGST paid on import of goods to be directly flown to the GST portal from ICEGATE (Indian Customs Electronic Gateway) and displayed on the dashboard of the GST portal.
10. Linking of Form GSTR 2A and ICEGATE to GSTR 3B for auto-flow of ITC with the facility to edit the amount at the user’s end.
11. Auto-calculation of liability in GSTR 3B based on the data furnished in GSTR 1 in order to reduce the chances of difference between GSTR 1 and GSTR 3B.
12. Delinking of original invoice details with credit and debit notes as well as amendments to credit/debit notes so that the taxpayers are not required to report the original invoice details while filing GSTR 1 and GSTR 6.
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K.C.MAHATO is expert in GST Consultancy and has an experience of more than 10 years in Indirect tax , Direct Taxes and the accounting profession. He is also giving GST Practical Training to Students and SME Traders. He provide services that most effectively meet client needs. Her experience is concentrated in performing GST Laws & Practices and compliances of gst in a variety of industries.
