TMI BlogNew features of Form GSTR-2B & GSTR-3B made available to taxpayers under QRMP SchemeX X X X Extracts X X X X X X X X Extracts X X X X ..... New features of Form GSTR-2B & GSTR-3B made available to taxpayers under QRMP Scheme - Goods and Services Tax - GST Dated:- 14-4-2021 - News - 1. The new features related to filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-Mar., 2021, which has been made available to them are summarized below. 2. Auto Generation of Form GSTR-2B , for the QRMP taxpayers a) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Form GSTR-2B contains details of filed IFFs (for Month M1 M2) filed Form GSTR 1 (for Month M3). b) Form GSTR 2B has two sections of ITC i.e. ITC available and ITC not available (which flows from the supplier s filed IFF Form GSTR-1 , imports etc). It also contains tax liability of the taxpayer (which flows from the taxpayers own filed IFF Form GSTR-1 ). c) Taxpayers can view ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and download their system generated Quarterly Form GSTR-2B for Jan-March, 2021 quarter, by clicking on Auto-drafted ITC statement for the quarter on 14th April, 2021, by selecting the last month of the quarter (M3). d) The default view of Form GSTR-2B is quarterly. However to view Form GSTR-2B of a particular month (M1, M2 or M3), taxpayer has an option to select appropriate month, from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the view drop-down to view that month s data. e) A hyperlink View advisory has also been provided, which on clicking displays the criteria/ cut-off dates considered for quarterly GSTR-2B as a pop-up, with details of Supplies from/type i.e. Monthly taxpayer, Taxpayer in QRMP Scheme, NRTP, ISD Import from Overseas/SEZs, and From date and To date based on which Form GSTR-2B has been ge ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nerated. 3. Auto-population of ITC in Form GSTR-3B for the QRMP taxpayers a) Figures of ITC available and ITC to be reversed will now be auto-populated in Table 4 of Form GSTR-3B, for the QRMP taxpayers, from their system generated quarterly Form GSTR-2B . b) On the GSTR-3B dashboard page, an additional button System computed GSTR-3B has also been provided, by clicking which ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... system computed Form GSTR-3B can be downloaded in PDF format. c) Taxpayer can edit the auto-drafted values as per their records and save the updated details. d) The system will show a warning message to taxpayers in case ITC available is increased by more than 5% or ITC to be reversed is reduced even partially, by them. However, the system will not stop the filing of Form GSTR-3B in such ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cases. The above is for your information and necessary action please. Thanking you, Team GSTN. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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