- GSTN has introduced a new functionality to help taxpayers explain the difference in liability between their GSTR-1 and GSTR-3B returns online, as directed by the GST Council.
- This aims to simplify compliance procedures.
- The functionality compares the liability declared in GSTR-1 or IFF with the liability paid in GSTR-3B or 3BQ for each return period.
- Taxpayers must file a reply in Form DRC-01B Part B if there is a discrepancy, providing a clarification through a reason selected from the automated dropdown.
- GSTN has published a manual on the GST portal to assist taxpayers in using the functionality effectively.
- It is essential for taxpayers to utilize this functionality and comply with the requirements to maintain smooth GST compliance procedures.
Source Taxguru
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