Attention‼️GST portal is going to restrict changes in GSTR 3B. #gstreturns #finance #youtubeshorts

GST return filing process: Hard-locking of auto-populated values in GSTR-3B Form; check details-
The GST Portal now has a pre-filled GSTR-3B form, which automatically populates the tax liability from the declared supplies in GSTR-1/GSTR-1A/IFF, and the Input Tax Credit (ITC) from GSTR-2B.

GSTN has been continuously enhancing the GST return filing process to assist taxpayers in filing their returns accurately and reducing manual errors. Moreover, the system generates a detailed PDF for each taxpayer, containing the auto-filled GSTR-3B form, stated the Goods and Services Taxes website.
Taxpayers now have the option to rectify their inaccurately reported outward supply in GSTR-1/IFF through GSTR-1A, giving them a chance to make necessary corrections before submitting their GSTR-3B. Additionally, taxpayers can use the newly accessible Invoice Management System (IMS) to handle inward supplies and guarantee suitable ITC claims in GSTR-3B. With this system, taxpayers can make informed choices about accepting, rejecting, or awaiting inward supplies.

“It may be noted that tentatively from January 2025 tax period, the GST Portal is going to restrict making changes in auto-populated values in pre-filled GSTR-3B from GSTR-1/1A/IFF or GSTR-2B to further enhance accuracy in return filing system. It is once again suggested hereby that in case any change is required in auto-populated values, the same may please be handled through GSTR-1A or IMS,” stated the GST website.