FAQS ON ONLINE RETURN COMPLIANCE IN FORM DRC-01B : GSTN Advisory
Goods and Services Tax Network has developed a functionality to enable the Goods and Services Tax taxpayer to explain the difference in GSTR-3B & GSTR-1 return online mode as directed by the Goods and Services Tax Council. This feature is now live on the Goods and Services Tax portal. So GSTN Advisory on Online Compliance Pertaining to Difference or Liability Appearing in R1 – R3B (DRC-01B)
Functionality compares the liability declared in GSTR-1 or Invoice Furnishing Facility with the liability paid in GSTR-3BQ or GSTR-3B for each return duration. If the declared liability more than paid liability by % difference or a predefined limit exceeds configurable ceiling limit, Goods and Services Tax taxpayer will receive an submission by intimation in the form of DRC-01B.
Upon receiving an intimation, Goods and Services Tax taxpayer must submit a reply in submission by intimation in the Form DRC-01B Part B, which give clarification via reason in automated dropdown & details regarding any discrepancy, if not included in the dropdown.
For more Support Goods and Services Tax taxpayer with functionality, a detailed manual containing navigation details is available on the Goods and Services Tax portal. Which offers step by step guidance & addresses different scenarios related to the New GST functionality.
Complete FAQ on Compliance related to Difference/Liability Appearing in R1– R3B (DRC-01B)
