The Goods and Services Tax Network (GSTN) on October 17, 2024, issued the notification regarding the Locking of auto-populated liability in GSTR-3B.
The following has been stated namely: -
• A pre-filled GSTR-3B form is now being provided where the tax liability is auto-populated from the declared supplies in GSTR-1/ GSTR-1A/IFF by the supplier, while the Input Tax Credit (ITC) is auto-populated from GSTR-2B. A detailed system generated pdf of the auto populated GSTR-3B is also provided to all the taxpayers.
• Now, taxpayers also have a facility to amend their incorrectly declared outward supplies in GSTR-1/IFF through GSTR-1A
• Tentatively from January 2025 tax period, the GST Portal is going to restrict making changes in auto-populated liability in pre-filled GSTR-3B from GSTR-1/1A/IFF to further enhance accuracy in return filing. It is once again suggested hereby that in case any change is required in auto-populated liability, the same may please be handled through GSTR-1A.
• The locking of auto-populated ITC in GSTR-3B, after the roll out of IMS, will be implemented from a later date. For the same a separate advisory would be issued.
