New Functionalities available in GST portal
Feb 7, 2025
1. Locking of auto-populated liability in GSTR-3B:
- The locking of auto-populated liability in GSTR-3B is introduced this feature auto-populates tax liability from GSTR-1/GSTR-1A/IFF (outward supplies) and ITC from GSTR-2B, simplifying the process.
- This feature will be tentatively applicable starting January 2025, with restrictions on modifying auto-populated liabilities and later, the locking of auto-populated ITC once IMS-related issues are resolved.
2. Advisory on Business Continuity for e-Invoice and e-Waybill Systems:- This advisory introduces alternate mechanisms and business continuity plans to ensure uninterrupted service for both e-Invoice and e-Waybill systems.
- Key updates include six available IRPs for e-Invoice reporting, two e-Waybill portals for redundancy, a unified authentication token for both services, and improved API interoperability for seamless cross-portal operations.
- Taxpayers are advised to ensure their systems support cross-portal interoperability, coordinate with service providers to integrate backup solutions, and consider using additional IRPs as backup options.
3. Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A:- Phase-III of HSN code reporting for GSTR-1 and GSTR-1A introduces a drop-down list for selecting HSN codes, replacing manual entry. Table 12 is now divided into two sections: B2B (Business-to-Business) and B2C (Business-to-Consumer)
- This is Applicable from: February 2025.
4. Waiver Scheme under Section 128A:- The GST Council, in its 53rd meeting on June 22, 2024, introduced a waiver of interest and penalties for demand notices/orders under Section 73 of the CGST Act, 2017 for the financial years 2017-18, 2018-19, and 2019-20, provided the full tax is paid by March 31, 2025.
- To avail the waiver, taxpayers must file applications in FORM GST SPL-01 or FORM GST SPL-02 by the deadline, with the forms now available on the GST portal.
5. Advisory on the Introduction of E-Way Bill (EWB) for Gold in Kerala State:- A new option for generating E-Way Bills (EWB) for gold has been introduced in the EWB system, effective from January 20, 2025. This feature is available for taxpayers in Kerala to generate EWBs for goods under Chapter 71 (excluding Imitation Jewellery - HSN 7117) for intrastate movement within Kerala, in line with a government notification.
6. GSTR-3B Now allows Negative Values in Outward Supply at Table 3.1- In a recent update to the GST Portal, the Goods and Services Tax Network (GSTN) has made the functionality to input negative values in GST Return GSTR-3B, allowing taxpayers to reflect the correct figures in months where there were only sales return transactions and no sales transactions. Applicable from: February 2025.
7. GST Portal New Functionality: Option to File LUT for FY 2025-26 now Available for Exporters:- The Goods and Services Tax Network (GSTN) has updated the GST Portal with a new functionality to file Letter of Undertaking (LUT) for FY 2025-2026.
8. Enabling filing of Application for Rectification as per Notn. 22/2024-CT, dtd. 08/10/24,2024- A functionality has now been made available on the Portal for taxpayers to file an application for rectification of such orders issued under section 73/74. They can file it, post login, by navigating Services >> User Services >> My Applications, selecting "Application for rectification of order" in the Application Type field, and clicking on the NEW APPLICATION button.
9. GSTN New Features to Search Taxpayers Using Enter Temporary ID or Mobile Numbers:- The persons who were granted temporary registration Suo-moto can now get their login credentials again, if required. To receive login credentials, they can navigate from GST home page >> Search Taxpayer >> Enter Temporary ID >> click SEARCH >> under the temporary ID column click the hyperlink Click here for more details >> in the details page Click RESEND SMS/EMAIL.
10. Automated Intimation of ITC mismatch in Form GST DRC-01C:- A functionality to generate automated intimation in Form GST DRC-01C, which enables the taxpayer to explain the difference in Input tax credit available in GSTR-2B statement & ITC claimed in GSTR-3B return was made available on GST Portal for the taxpayers.
- If no response is filed by the impacted taxpayers in Form DRC01C Part B, such taxpayers would not be able to file their subsequent period GSTR-1/IFF.
11. Disabling the option for filing Annexure V for the FY 2024-25 on the portal:- As per the Notification No. 06/2023-Central Tax (Rate), dated 26.07.2023, the option by GTA to pay GST on Forward Charge mechanism on the services supplied by them during a Financial Year shall be exercised by making a declaration in Annexure V on or after the 1st January of the preceding Financial Year but not later than 31st March of the preceding Financial Year. To comply with the above notification, online filing in Annexure V Form and Annexure VI Form is available on the portal for the existing GTA taxpayers for filing declaration in Annexure V Form or Annexure VI Form for the succeeding FY 2024-25 from 01.01.2024 to 31.03.2024.
- To Access Annexure V Form: Post login on the FO portal-Navigate to Services>>User Services>>GTA>>Opting Forward Charge Payment by GTA (Annexure V). To Access Annexure VI Form: Post login on the FO portal-Navigate to Services>>User Services>>GTA>>Opting to Revert under Reverse Charge Payment by GTA (Annexure VI)
12. Online Filing of Annexure-V declaration by GTA taxpayers:- A functionality has been provided on the portal to all the existing taxpayers providing Goods Transport Agencies Services, desirous of opting to pay tax under the forward charge mechanism to exercise their option. They can navigate Services >> User Services >> Opting Forward Charge Payment by GTA (Annexure V), after login, to submit their option on the portal.
13. Introduction of RCM Liability/ITC Statement- A new statement called 'RCM Liability/ITC Statement' has been introduced on the GST Portal. This statement will enhance accuracy and transparency for RCM transactions by capturing the RCM liability shown in Table 3.1(d) of GSTR-3B and its corresponding ITC claimed in Table 4A(2) and 4A(3) of GSTR-3B for a return period. This statement will be applicable from tax period August 2024 onwards for monthly filers and from the quarter, July-September-2024 period for quarterly filers. The RCM Liability/ITC Statement can be accessed using the navigation: Services >> Ledger >> RCM Liability/ITC Statement.
14. Invoice Management System- To enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the Invoice Management System (IMS) is being brought up at portal. This will also facilitate taxpayer in matching of their records/invoices vis a vis issued by their suppliers for availing the correct Input Tax Credit (ITC) and shall allow the recipient taxpayers to either accept or reject an invoice or to keep it pending in the system, which can be availed later
- This facility will be available to the taxpayer from 1st October onwards on the GST portal, but enabled from 1st November 2024 onwards
15. Taxpayers can opt for the Composition Scheme for FY 2025-26 via GST Portal ('Services -> Registration -> Application to Opt for Composition Levy') from February 4 to March 31, 2025, by filing Form CMP-02.
Team GST
Nitin J Shetty & Co
