Frequent changes in GST law requires many new updates in GST portal in various forms like GSTR-1, GSTR-3B, and GSTR-9 etc.
It’s very important to know the GST portal updates for those who are engaged in GST compliances work. Recently GSTN has made available the new functionalities for taxpayers on GST Portal in August, 2022. So all such new functionalities implemented has been give here.
GST Refunds 2022
GST portal latest updates regarding refund is as under
Filing for Refund in form RFD-01 for exports without payment of tax The taxpayers are required to upload the details of invoices in Statement 3 while filling for Refund in Form RFD-01 under Category “Refund of unutilized ITC on account of Exports (Without payment of Tax)”.
As per Para 47 Of Circular No. 125/44 /2019-GST, dated 18.11.2019, if the export value declared on the shipping bill is different than the value declared in the tax invoice, the lower of the two values would be considered for processing of refund of unutilized input tax credit on account of export of goods made without payment of tax.
Therefore, a column “FOB value” has been added in Statement 3 format for the taxpayers to declare the value while filing for refund.
GST Returns 2022
Changes implemented in Form GSTR-3B
As per section 9(5) of the CGST Act, 2017, Electronic Commerce Operators (ECOs) are required to pay tax on supply of certain services notified by the government, such as, Passenger Transport, Accommodation, and Housekeeping & Restaurant Services, made through them.
For reporting of such supplies, a new Table 3.1.1 has been added in Form GSTR-3B from the tax period July 2022 onwards as Notified vide Notification No. 14/2022 — Central Tax, dated 05th July, 2022 wherein both, ECOs and registered persons making such supplies, are required to furnish details of these supplies.
Late fee waiver up to 28th July, 2022, for delayed filing of return in FormGSTR-4 (Annual) for the F.Y 2021-22
As per Notification 12/2022 Central Tax dated 5th July, 2022, the late fee was waived for filing of return in Form GSTR-4 (Annual) till 28 July, 2022.
If a taxpayer had filed Form GSTR-4 earlier with payment of late fee, the same has been refunded by the system and credited to the electronic cash ledger of the concerned taxpayers
Generation of GSTR-11 based on GSTR-1/5 for UIN holders
UIN holders file details of inward supplies in Form GSTR-11 on quarterly basis and subsequently claim refund for the relevant quarter through Form GST RFD-10. To facilitate UIN holder and to authenticate their refund claims, auto-population of Form GSTR-11, on basis of filed GSTR-1/5 had been enabled on the Portal earlier.
In these fields, details of inward supplies received on RCM basis from Form GSTR-1/5 filed by suppliers, auto-populated in Form GSTR-11 of UIN, has been disabled on the Portal
HSN based validation implemented in Form GSTR-9
Government has made it mandatory to report HSN at minimum of 4- digit level for taxpayers having turnover up to Rs 5 Crore and at 6-digit level for taxpayers having turnover more than Rs 5 Crore.
Accordingly, a validation has been implemented on the Portal for taxpayers with AATO up to Rs 5 Crore and for taxpayers with AATO of Rs 5 Crore or more, to declare HSN at 4 digit or 6 digits respectively, in Table -17 of Form GSTR-9, for FY 2020-21
AATO stands for Annual Aggregate Turnover
Changes in HSN length validation in Form GSTR-1
In Phase-1, AATO based validation was implemented on the Portal to ensure that taxpayers with AATO of up to Rs 5 Crore had to report minimum 2 digit HSN and with more than 5 Crore had to report minima 4 digit HSN in Table -12 of GSTR-1.
In Phase-2, the minimum length of HSN to be entered in Table 12 Of Form GSTR–1, for Taxpayers having AATO greater than Rs 5 Crore has been raised from 4 to 6 digits, for both online and offline mode, on the portal
GST Registration 2022
Enabling CORE Amendment Link for Taxpayers who fail To Update Bank Account
How to change bank details in gst portal?
If the taxpayers failed to update their bank account details on the GST Portal, within specified period, post grant of registration, they were previously barred from filing an application for core amendment in their Registration details. There could be scenarios, such as, updating bank account details through a non-core Amendment, which would fail if their name were to be updated in C&DT database post grant of registration. To handle such scenarios, filing of core amendment applications, pending bank account updation, has been enabled on the Portal for newly registered taxpayers.