The GST Council may consider a proposal to make changes to the monthly tax payment form 'GSTR-3B' in its meeting to be held next week. This will include supply data and tax payment tables relating to automatic sales returns, which cannot be changed.
This step will help in curbing counterfeit bills. In fact, sellers show excess sales in GSTR-1 to enable buyers to claim an Input Tax Credit (ITC) but under-sales in GSTR-3B so that the GST liability remains low.
In the current GSTR-3B for taxpayers, input tax credit statements are generated automatically based on B2B (between companies) supplies. It also highlights the discrepancies found in GSTR-A and 3B.
According to the changes proposed by the Law Committee of the GST Council, there will be automatic calculation of values from GSTR-1 in GSTR-3B, thus making it more clear for taxpayers and tax officials.
An official said that with these changes, the need for user inputs in GSTR-3B will be minimized and the process of filing GSTR-3B will be simplified.