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

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..... Advisory: Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B) - Goods and Services Tax - GST Dated:- 30-6-2023 - News - Dear Taxpayers, 1. It is informed that .....

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..... 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. .....

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..... 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 predef .....

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..... ined 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 .....

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..... 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 taxp .....

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..... ayer 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 func .....

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..... tionality. The link is stated below: https://tutorial.gst.gov.in/downloads/news/return_compliance_in_form_drc_01b.pdf Thanking You, Team GSTN - News - Press release - PIB Tax Manage .....

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..... ment India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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