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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