Home » GST » New Developments from GSTN (Goods and Services Tax Network)

GSTNGSTN ( The Goods and Services Tax Network ), went live on November 8, 2016 last year, has over the year improvised the system to help lakhs of businesses to pay taxes and file returns under the new GST era every month. GSTN launches new facility for exporters to claim refunds, offline tool for return filing under composition scheme, offline utility for filing purchase returns GSTR-2.

More than 72 lakh entities were earlier registered with excise, service tax or VAT have already migrated to the GST regime, while over 30 lakh new businesses have come into the tax net.

More than 13 lakh taxpayers filed their GSTR-3B return for August on the last day, September 20. Similarly, for GSTR-1, load on the network was close to 7 lakh.

Since the roll out of GST on July 1, the GSTN portal has handled over 2.26 crore returns and collected revenue to the tune of Rs 2.78 lakh crore for the exchequer.

GSTN LAUNCHES NEW FACILITY FOR EXPORTERS TO CLAIM REFUNDS

GSTN said it has introduced a utility Table 6A in Form GSTR1 for exporters to claim refunds. An exporter can claim refund of IGST tax paid at the time of export by filling the details of shipping bill and tax paid GST invoice in his Form GSTR1 in the relevant month. The refund amount would be either credited to exporter’s bank account through ECS or a cheque would be issued.

Since for the months of August, September and October a number of taxpayers have filed return GSTR- 3B but as the dates for filing of GSTR-1 for August onwards have not yet been notified and GSTR1 has not been filed, therefore to enable exporters to file for refund, this functionality has been made available, the GSTN said.

GSTN OFFLINE TOOL FOR RETURN FILING UNDER COMPOSITION SCHEME

GSTN has launched an offline tool for preparation of GSTR-4 for filing of quarterly returns for taxpayers who opted for the composition scheme (about 15 Lacs assesses) , can be downloaded by taxpayers and tax consultants.

Note that GSTR-4 return can be prepared only using the offline tool to facilitate small businesses who can prepare the same on their own computer, without Internet connection and as per their convenience.

GSTN LAUNCHES OFFLINE UTILITY FOR FILING PURCHASE RETURNS GSTR-2

GSTN launched new version of an offline tool for filing purchase returns GSTR-2, which enable 21 lacs and more taxpayers to export data of GSTR-2 to excel, will be helpful to take actions like accept, reject and modify.

Sources: ICMA 

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2 thoughts on “New Developments from GSTN (Goods and Services Tax Network)

  1. Kamal Husain says:

    I had already filed GSTR-1 for july’2017, now how to file jul-oct’17 return ?
    When GSTN portal will open for GSTR-1?

    1. Ashok Mani says:

      That Clarification is awaited frmm GSTN

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