With effect from 1st January, 2021, all taxpayers with Annual Aggregate Turnover up to Rs 5 Crore have been given an option to file their Form GSTR-1 Statement and Form GSTR-3B return on a quarterly basis.
The new features related to filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-Mar., 2021, which has been made available to them are summarized in this news piece.
It may be noted that specific 6-digit HSNs, as available in the HSN/Customs Tariff (with corresponding description of goods) are allowed in the system. It also follows that the declaration of HSN at 4/6 Digits has to be out of valid HSN codes only.
GSTN has issued an advisory on 8th April 2021 for payment of Tax by Taxpayers under QRMP Scheme, for the month of March, 2021
GSTN has recently implemented new functionalities on the GST Portal for the convenience of persons applying for registration and certain other functionalities for the existing taxpayers. These changes are mostly in areas of on Registration and Returns.
New Functionalities made available for Taxpayers on GST Portal during March 2021 with regard to Registration, Returns, Refunds, Audit, Front Office and Webinars.
Notified taxpayers who are reporting e-invoices, are hereby advised not to wait for the complete auto-population, and instead proceed with preparation and filing of GSTR-1 for March, 2021 (by the due date), based on actual data as per their records.
7.12 Crores E-Way Bills in March-2021. This is the highest number of e-way bills generated in any month during last three years’ journey of E-Way Bill system.
Quarterly taxpayers are able to see the GSTR3B tile for Jan, Feb and Mar 21. They are requested to file GSTR 3B for the quarter Jan-Mar, 21 using tile for Mar, 21.
The gross GST revenue collected in the month of March 2021 is at a record of Rs. 1,23,902 crore of which CGST is Rs. 22,973 crore, SGST is Rs. 29,329 crore, IGST is Rs. 62,842 crore and Cess is Rs. 8,757 crore.
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