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TMI BlogUpcoming functionalities to be deployed on GST Portal for the TaxpayersX X X X Extracts X X X X X X X X Extracts X X X X ..... Upcoming functionalities to be deployed on GST Portal for the Taxpayers X X X X Extracts X X X X X X X X Extracts X X X X ..... ionality Functionality released/ to be released for Taxpayers 1 Ledgers Negative liability statement made available to composition taxpayers * In case of a negative liability in any tax period of a composition taxpayer (and if no amount is required to be paid by the taxpayer (during that period)), the said negative liability will be maintained in Negative liability statement. This negative b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alance lying in the negative liability statement will be automatically adjusted against the liabilities of subsequent tax period(s). * The statement would be accessible to them, post-login, by navigating to Services > Ledgers > Negative Liability Statement. 2 Returns Download of Form GSTR-4A in excel and auto-population of its details in Form GSTR-4 of the composition taxpayer * Form GSTR-4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... A is an auto-drafted statement generated for Taxpayers opting for Composition levy, containing details reported by their registered suppliers in their Form GSTR-1/ GSTR-5 and by their TDS deductors in their Form GSTR-7. * A facility to download the details of Form GSTR-4A, in an Excel file would be made available to the taxpayers, soon. * This Excel file would contain consolidated summary of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he supplies at GSTIN level, for the complete financial year, which are required to be reported in Annual Return filed by them in Form GSTR-4. * This summary will also be auto-populated in Table 4A and 4B of their Form GSTR-4. 3 Front Office Inclusion of common names in the HSN Directory and its download in excel format by the taxpayers * The currently available HSN Master has been updated o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the GST Portal and it now includes product names commonly used in Trade corresponding to a particular HSN code. * A download facility for the entire HSN directory in Excel Format has also been provided to the taxpayers under the link "Download HSN in Excel Format". This facility is available as a part of the 'Search HSN' functionality, available both in Pre and Post Login, on the GST Portal. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The above is for your information.
Thanking You,
Team GSTN X X X X Extracts X X X X X X X X Extracts X X X X
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