Almost reaching the end of the stipulated period allowed for re-filing of affected GSTR-3B, some taxpayers having quarries and are still yet to be complying with re filing of affected GSTR 3B return online.
Without further delay, taxpayers are advised to re-submit and file their intimately affected return accurately within the stipulated period of 15 days.
As discrepancies have been observed for ITC availed and payment of tax liability in the set-off portion of a few submitted GSTR-3B, GSTIN has accordingly taken the correct measure and published an advisory dated April 9, 2024.
Advisory on Reset and Re-filing of GSTR-3B of some taxpayers:
Under the circumstances, affected taxpayers have been communicated with on their registered email addresses, and the affected returns are accessible on their respective dashboards for refiling with correct data within 15 days of receiving such communication.
This article was inspired to be presented only because of some adverse situations that arise with taxpayers who have noticed the tax discrepancy earlier and the amount of tax liability already paid voluntarily by submitting DRC-03.
There is no clarity or specific guideline provided to tackle situations like this.
However, affected taxpayers are clearly advised that for any query related to tax adjustment or facing any issue while submitting GSTR-3B, they should contact their respective jurisdictional tax officer or raise a ticket on the GST grievance redressal portal without delay.
Apart from all that, taxpayers are suggested to check their submitted return in view of the safe since the beginning, especially for the years . 2017–18 and 2018–19, to ensure the accuracy of the ITC adjusted and the amount paid as tax liability.
As per the advisory, GSTN has reset all such GSTR-3B, and subsequently, taxpayers are allowed to refile the return with a proper set-off for ITC adjustment and an accurate amount of tax paid against liability for that period.
As per the term RESET, may be the liability of tax turned zero, subsequently ITC and/or payments adjusted earlier, if any, credited back to the respective ledger.
Therefore, taxpayer need to thorough check before hand as follows:
- Check for the outward amount & detail mentioned in filed GSTR-1 of the affected period.
- Check thoroughly and ensure the admissible ITC from 2A/2B of the respective period.
- Check the credit ledger for that period as well as for current ITC balance available for adjustment with this affected return.
As of now, we hope most of the affected taxpayers have been able to re-file their affected GSTR-3B return successfully.
Those who have not yet re-filed are advised to comply with the advisory and complete the process without further delay.
Taxpayers having any difficulties or issues should act fast as per the advisory to contact their respective jurisdictional tax officer or create a ticket on the GST grievance redressal portal.
Thanks and Regards,
Team TaxGuideTax
REF-A1023-24-GUIDE-020-GST-006-AP
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