India

Auto Populated Liabilities in table 3.2 of hard-locked GSTR-3B to be re-introduced on GST portal from July 2025 tax period: GSTN

Posted on by Minakshi






GSTR-3B Auto-Population: Key Changes Coming to GST Portal



Major Update: Auto-Populated Liabilities Returning to GSTR-3B Form

Businesses across India preparing for GST compliance should take note: the Goods and Services Tax Network (GSTN) has announced the re-introduction of auto-populated liabilities in Table 3.2 of the GSTR-3B form. This change is slated to take effect from the July 2025 tax period.

What is Changing with GSTR-3B?

The GSTN is bringing back the feature of automatically populating the liability values in Table 3.2 of the GSTR-3B form. This section deals with details of inter-state supplies made to unregistered persons, composition taxable persons, and UIN holders. This means taxpayers will see pre-filled figures in this section based on data available with the GSTN.

Why is this change significant?

This re-introduction aims to streamline the GSTR-3B filing process and minimize discrepancies. The auto-population feature intends to:

  • Reduce errors in reporting inter-state supplies.
  • Improve the overall accuracy of GSTR-3B filings.
  • Simplify the tax filing process for businesses, especially small and medium enterprises (SMEs).

Impact on Businesses and GST Compliance

While this feature is designed to simplify tax filing, businesses need to be aware of its implications. It’s crucial to ensure that the auto-populated values accurately reflect the actual transactions undertaken. Discrepancies may require manual adjustments and proper documentation to avoid potential issues.

What Should Businesses Do?

  • Verify Auto-Populated Data: Carefully cross-check the auto-populated figures in Table 3.2 with your internal records and invoices.
  • Maintain Accurate Records: Keep comprehensive records of all inter-state supplies to ensure accurate reporting.
  • Address Discrepancies Promptly: If you find any discrepancies, rectify them immediately with appropriate documentation.
  • Stay Updated: Keep abreast of any further notifications or guidelines issued by the GSTN regarding this change.

The GSTN has emphasized that this move is intended to enhance transparency and efficiency in the GST ecosystem. Businesses are encouraged to embrace these changes proactively and ensure seamless compliance with the updated regulations.

Summary:

  • Auto-populated liabilities will be re-introduced in Table 3.2 of the GSTR-3B form.
  • This change will be effective from the July 2025 tax period.
  • Businesses must verify the auto-populated data and address any discrepancies promptly.
Key Takeaways:

  • The auto-population feature is designed to minimize errors and improve the accuracy of GSTR-3B filings.
  • Businesses need to verify the auto-populated values against their internal records to ensure accuracy.
  • The GSTN aims to streamline the tax filing process and enhance transparency.
  • Proper documentation is essential to support any manual adjustments made to the auto-populated data.
  • Staying updated with GSTN notifications and guidelines is crucial for compliance.