The government on Wednesday came out with a simplified version of GSTR-3B, making it more user-friendly amidst indications that it may possible be used even beyond March 31.

According to a note prepared by PwC, GSTN has made the following key changes in the process of filing GSTR 3 B: 

1. Tax payment – Earlier, a taxpayer was required to Submit the return to ascertain the tax liability amount. Post submission, no changes were allowed. Now, the tax liability to be paid in cash/ credit will be shown before submitting the return. 

2. Challan generation – Tax payment challan can now be auto-generated after offsetting the input tax credit available in credit ledger. Taxpayer, however, has an option to edit the credit amount to be utilized and not to consider the system generated credit utilisation. Earlier, the assessee had to manually fill in the credit utilization amount and generate the challan. 

3. Download facility of draft return – A new feature of downloading draft return at any stage has been provided to verify the saved details offline. 

4. Auto-fil of tax amount – Taxpayer now need to fill either CGST or SGST/UTGST amount, other tax will get auto filled. 

 

 

Source: Economic Times

 

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