Pre-filled GST return form soon: GST Network CEO

Pre-filled GST return form soon: GST Network CEO
GSTN, which handles the IT backbone for Goods and Services Tax (GST) has already started providing liabilities data supported sales return GSTR-1 of the taxpayer to be utilized in his tax payment form GSTR-3B in pdf form.

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The move is predicted to ease taxpayer hassle of copy-pasting various numbers from sales return form GSTR-1 to GSTR-3B. (File)
GST-registered businesses will soon get pre-filled Return form, GSTR-3B, GST Network Chief military officer Prakash Kumar said on Monday.

“We are moving towards providing taxpayers with a pre-filled GSTR-3B form in order that they will pay their taxes comfortable . to start out with, an choice to edit the shape would be provided to permit businesses to form past adjustments etc,” Kumar told PTI.

GSTN, which handles the IT backbone for Goods and Services Tax (GST) has already started providing liabilities data supported sales return GSTR-1 of the taxpayer to be utilized in his tax payment form GSTR-3B in pdf form.

It is also providing taxpayers auto-generated invoice-wise input decrease (ITC) statements supported information furnished by the suppliers of the taxpayer.

Kumar said this essentially means the taxpayer can skills much ITC is out there for the month.

Currently, the liability and ITC are being provided as separate pdf documents.

After two months, these two sets of knowledge will automatically start flowing in GSTR-3B return, Kumar added.

This is the primary step towards connecting GSTR-1 which has business-to-business (B2B) invoice data along side data on exports, business-to-consumer (B2C) supplies etc and GSTR-3B, he said.

The move is predicted to ease taxpayer hassle of copy-pasting various numbers from sales return form GSTR-1 to GSTR-3B.

“These functionalities are finished monthly filers of GSTR-1 and functionality for quarterly filers are going to be introduced in due course,” Kumar said.

GSTN has over 1.26 crore registered taxpayers, out of which 1.07 crore are required to file GSTR-1 and GSTR-3B. Of the, 1.07 crore taxpayers, around 58 lakh file GSTR-1 on monthly basis, whereas remaining file at quarterly frequency.

However, all 1.07 crore taxpayers has got to file a monthly income tax return , GSTR-3B.

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