TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Share on linkedin   Telegram

Home News Goods and Services Tax - GST Month 6 2023 2023 (6) This

Advisory: Online Compliance Pertaining to Liability / Difference Appearing in R1 Ė R3B (DRC-01B)

  • Contents

Dear Taxpayers,

1.   It is informed that GSTN has developed a functionality to enable the taxpayer to explain the difference in GSTR-1 & 3B return online as directed by the GST Council. This feature is now live on the GST portal.

2.   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, taxpayer will receive an intimation in the form of DRC-01B.

3.   Upon receiving an intimation, taxpayer must file a reply in Form DRC-01B Part B, providing clarification through reason in automated dropdown and details regarding the discrepancy, if not included in the dropdown.

4.   To further help taxpayer with the functionality, a detailed manual containing the navigation details is available on the GST portal. It offers step-by-step instructions and addresses various scenarios related to the functionality. The link is stated below:

Thanking You,