- As instructed by the GST Council, GSTN has implemented a facility that enables the taxpayer to explain the distinction between the GSTR-1 and 3B return online. The GST portal now supports this capability.
- For each return period, the functionality checks the obligation stated in GSTR-1/IFF with the liability paid in GSTR-3B/3BQ. A DRC-01B notification will be sent to the taxpayer if the declared liability exceeds the paid liability by a predetermined amount or if the percentage difference exceeds the set threshold.
- The taxpayer is required to submit a response using Form DRC-01B Part B after getting a notification. The taxpayer has the choice of using Form DRC-03 to either provide information about the payment made to make up the shortfall, to explain the difference, or to combine the two.
- A thorough manual with navigational instructions is accessible on the GST portal to assist taxpayers even further with the functionality. It discusses many scenarios relating to the feature and provides step-by-step directions. The following is the link:
Team 2S Services