GSTN Issues Advisory on Online Compliance on Liability /Difference Appearing in GSTR1 – R3B(DRC-01B)
The Goods and Service Tax Network (“GSTN”) has issued an Advisory dated June 29, 2023, on online compliance pertaining to liability/difference appearing in GSTR1 – R3B (DRC-01B). It was informed that GSTN has developed functionality to enable the taxpayer to explain the difference in GSTR-1 & 3B return online as directed by the GST Council, which is now live on the GST...
The Goods and Service Tax Network (“GSTN”) has issued an Advisory dated June 29, 2023, on online compliance pertaining to liability/difference appearing in GSTR1 – R3B (DRC-01B).
It was informed that GSTN has developed functionality to enable the taxpayer to explain the difference in GSTR-1 & 3B return online as directed by the GST Council, which is now live on the GST portal.
As per the advisory, the functionality compares the liability declared in GSTR- 1/IFF with the liability paid in GSTR-3B/3BQ for each return period. If the declared liability exceeds the paid liability by a predefined limit or the percentage difference exceeds the configurable threshold, the taxpayer will receive an intimation in the form of DRC-01B.
Upon receiving an intimation, the taxpayer must file a reply in Form DRC-01B Part B, providing clarification through reason in the automated dropdown and details regarding the discrepancy, if not included in the dropdown.
To further help taxpayers with the functionality, a detailed manual containing the navigation details were updated on the GST portal. The manual offers step-by-step instructions and addresses various scenarios related to the functionality.
The link for the manual: https://tutorial.gst.gov.in/downloads/news/return_compliance_in_form_drc_01b.pdf
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