The GST Council will consider the changes in the monthly GST payment form.
GST Council Meeting: With these changes, the need to provide information on behalf of the user in GSTR-3B will be minimized and the process of GSTR-3B filing will also be simplified.
GST Council (GST Council) may consider the proposal to make changes in the monthly tax payment form GSTR-3B in its meeting to be held next week. This will include supply data and tax payment tables related to auto sales returns, which cannot be changed. This step will help in curbing counterfeit bills. In fact, sellers show more sales in GSTR-1, so that buyers input tax credit ,ITC) but show short sales in GSTR-3B so that the GST liability remains low.
In the current GSTR-3B for taxpayers, input tax credit statements are generated automatically based on B2B (between companies) supplies. In this, discrepancies found in GSTR-1 and 3B are also highlighted.
proposed these changes
According to the changes proposed by the Law Committee of the GST Council, the auto calculation of values from GTSR-1 will be done in GSTR-3B and thus it will be more clear for taxpayers and tax officials.
An official said that with these changes, the need to provide information on behalf of the user in GSTR-3B will be minimized and the process of GSTR-3B filing will also be simplified.