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Pre-Filled GST Return Forms Soon: GSTN CEO

By Staff

GST-registered businesses will soon get pre-filled return forms, GSTR-3B, said GST Network Chief Executive Officer (CEO) Prakash Kumar on Monday.

We are moving towards providing taxpayers with a pre-filled GSTR-3B form so that they can pay their taxes at ease. To start with, an option to edit the form would be provided to allow businesses to make past adjustments etc," Kumar told PTI.

Pre-Filled GST Return Forms Soon: GSTN CEO

GSTN handles the IT backbone for Goods and Services Tax (GST) and has already started providing tax liability data based on sales return GSTR-1 of the taxpayer to be used in tax payment form GSTR-3B in pdf form.

It is also providing taxpayers auto-generated invoice-wise input tax credit (ITC) statements based on information furnished by the suppliers of the taxpayer.

Kumar said this essentially means that the taxpayer can know how much ITC is available for the month.

Currently, the liability and ITC are being provided as separate pdf documents. After two months, these two sets of data will automatically start flowing in GSTR-3B return, Kumar added.

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

Story first published: Monday, September 21, 2020, 15:31 [IST]
Read more about: gst gstn

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