The Goods and Services Tax Network ( GSTN ), the official Government website for the functioning of the Goods and Services Tax (GST), has enabled two new features to the portal from the first day of this financial year, i.e, 1st April 2018.
Firstly, the taxpayers have now been provided with a facility to offset their outstanding demands, entered in Form GST DRC-07 by the tax official, with the credit/cash as available with them in ITC/Cash Ledgers.
The second feature is that the taxpayers can now declare their opening stock and related ITC claim, on additional HSN stock line items, not declared in Form GSTR TRAN-2 of July 2017, while furnishing Form GSTR TRAN-2 for the month of August 2017, onwards.
Further, a Reset Button has been enabled for Form GSTR 3B, which were in submit status as on 20th February 2018. Taxpayers can now click on the reset button, which opens up Form GSTR-3B in edit mode. After filling the details, taxpayers can offset their tax liability and file Form GSTR-3B.
Lastly, offline Tool of Form GSTR 1 has been modified to allow the taxpayer to delete more than 2500 Invoices at one go.
