Auto Populated GSTR-3B Form

Leave a Comment / GST UPDATES / By / 18/12/2020
Views: 2,255

The CBIC has enabled the Auto Populated GSTR-3B Form from GSTR 1 & GSTR 2B Form.

Auto Populated GSTR-3B Form
  1. Auto Populated GSTR 3B Detail: Auto populated computed information in the GSTR-3B form has now been enabled for taxpayers who file their form GSTR-1 monthly, This would come in effect from November 2020 tax period. The same will be done on the basis of the following:
    • Liabilities in Tables-3.1 & 3.2 of GSTR-3B Form (with the exception of Table-3.1(d) relating to inward supplies liable to a reverse charge) are determined by the system on the basis of outward supply information as filed in Form GSTR-1 for the tax period.
    • An Input Tax Credit (ITC) details and inward supplies liable to reverse charge details, to be recorded in Tables-4 and 3.1(d) respectively,  are computed on the basis of the system generated GSTR-2B Form for the tax period.

  2. PDF Format GSTR-3B Form: Auto Populated GSTR-3B Form is also available in the table-wise format on the GSTR-3B dashboard. By clicking on the “System Generated GSTR-3B” the pdf will start to download.

Salient features:
  1. These system-generated auto-populated values are only to assist taxpayers in filing their Form GSTR 3B. Taxpayers must ensure that the values reported and filed in Form GSTR-3B are accurate.

  2. The system will warn the taxpayers with a message alert If the variance of the edited values from the auto-populated values is greater than a relevant threshold. Taxpayers may change/modify the auto-populated values in the form GSTR-3B.

  3. In case the taxpayer has not filed GSTR-1 Form for the period, the system produced summary will show the respective values as “Not filed”. Similarly, if the GSTR-2B Form is not generated for the period then “Not generated” will be displayed.

  4. In GSTR-3B Form, If the taxpayer has entered and saved any values before auto-population by the system, the saved values will not be modified/over-written by the system.

  5. Table 5 and 6.2 of GSTR-3B Form is not a part of the PDF & do not get auto-populated by the system.

For more details click here.

Disclaimer – Author has exercised utmost care while writing this article, but still this article may contain some error or mistake and no part of this article/writing should be construed or considered as any advice or consultancy whether professional or otherwise. The contents of this article are solely for information and knowledge.

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About the Author:

Ankit is a Chartered Accountant based in Delhi and the founder of ADA & Co. He has over 7 years of work experience, specializing in the field of taxation (Direct & Indirect) practice. He also has knowledge in the full range of financial services including Business, Taxation, Audit and Account. Further, he has managed assignments in respect of GST Audits, Bank Audits, Stock Audits, PSUs Audits, AR & AP Reconciliation etc and represented clients in tax litigative matters before Indian tax authorities. The aim of this article is to enable the professionals in the industry and students & businessmen to be aware with current developments in the Direct and Indirect tax laws and Accounting Practices.

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