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GSTN rolls out pre-filled tax forms
November, 09th 2020

Goods and Service Tax Network (GSTN), the company that processes GST returns, said on Sunday it has rolled out auto-populated monthly tax returns for businesses, which makes tax filings easier and improves compliance.

A statement from GSTN said that auto-populated tax return forms showing the summary of monthly transactions (form 3B) will be available from the October tax period onwards.

These forms will be available in the GSTN portal 12 November onward. Information from reported monthly sales and auto generated tax credit statement will get reflected in the monthly return form 3B dealing with summary of transactions. The authorities want to link information reported about monthly sales in GST return form-1 with the return showing summary of monthly operations (3B).

GSTN said that in September, there was a sudden jump in the filing of form 3B due to the backlog in filing of previous months’ returns for which relaxations were provided to the taxpayers in view of pandemic.

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