It has been more than 3 years to the introduction of GST in India. Since the interception of GST, the stakeholders have been facing issues regarding taxes & return filing. It has been an up & down situation for everyone.
There have been many reasons for irregularity between the GST law and the GST portal. To give some examples, GSTN portal doesn't have the provision to connect single credit note with multiple invoices, non-accessibility of date of filing of the GST returns by the merchant, it also doesn’t have any amendments to track the invoices, failure to give negative qualities in GSTR 3B, and the list continues. However, GST policymakers have been very active in taking an insight into the difficulties faced by the businesses and are focused on achieving revised amendments regularly. Upcoming changes in GSTN as per the government will surely be very beneficial for all businesses.
GST in India has seen many changes till date & the pressure on the GST policymakers has been a matter of great concern for India. In recent announcements, senior officials & GSTN policymakers have announced that they have made the latest GSTN changes in view to facilitate the difficulties faced by the taxpayers. They announced about certain actions that will be taken to improve the overall compliance process.
The main proposal of GSTN changes is to scrap the new return format proposed last year & bring into the action the existing GSTR-1 & GSTR-3B returns. This new move will suggest that the industry all set with GSTN services.
A list of other changes that were proposed by the GSTN official to improvise the GSTN infrastructure & return formats. The changes are listed below:
The capacity of the GSTN portal to handle the taxpayer at one time has been increased from 1.5 lakh to 3 lakh taxpayers.
The government has decided to introduce a new option on the portal dashboard to create vendor/customer master.
A matching tool will be provided on the portal to the taxpayer for matching the purchase details & GSTR 2A.
Now onwards the buyer & supplier will be able to communicate through a channel for the missing invoices.
The status of registration & refund application will be displayed on the portal dashboard.
A list of videos will be created based on the compilation of problems encountered by taxpayers which will be available on the portal.
The taxpayer would not be required to raise a request to download GSTR2A. It will be downloaded immediately upto 500 transactions.
The additional column will be added to the Form GSTR 2A for the date of filing of GSTR 1 & GSTR 3B of the vendor.
Amended invoices in Form GSTR 2A will have both amendment date & original return filing date. This will help in keeping track of the amended invoices.
IGST paid on the goods will be directly deposited on the GST portal from ICEGATE.
To reduce the difference between GSTR1 & GSTR 3B, auto-calculation of liabilities in GSTR 3B will be done.
Form GSTR 2A & ICEGATE to GSTR 3B will be linked for auto-flow of ITC
The taxpayer will not be required to submit the details of the original invoice while filing GSTR 1& GSTR 6
It is important to note that the changes in the GSTN status will be released soon. These GSTN changes will contribute to a great relief in easing out the difficulties of the taxpayer. This also proves that the government is moving ahead on a road to create seamless GST return filing experience. Government is all set to make trustworthy & relative changes in GSTN status.
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