The Goods and Services Tax Network (GSTN) has issued various advisories on the new functionalities uploaded on the GST portal till August 2022.
The GSTN has provided a list of various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders.
“These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics. Various webinars are also conducted as well informational videos prepared on these functionalities and posted on GSTNs dedicated YouTube channel for the benefit of the stakeholders,” the GSTN said.
As per the advisory, 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 CBDT 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.
Regarding the changes in GSTR 3-B, the advisory stated that “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, 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 Notn. 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.”
Regarding the waiver of GSTR-4, the advisor stated that 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.
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