From November 2020 tax period onward, the system will auto populate GSTR-3B (monthly) on the basis of details filed in GSTR-1 along with auto-drafted ITC statement GSTR-2B.
Based on the supplies return GSTR-1 filed by businesses, GSTN will auto-populate the liabilities, while input tax credit (ITC) would be populated from system-drafted statement GSTR-2B.
“If the total liability of a particular period is negative on account of debit/credit notes, the same will be auto-populated as zero liability,” GSTN said.
While businesses file GSTR-1 of a particular month by the 11th day of the subsequent month, GSTR-3B is filed in a staggered manner between 20th-24th day of the succeeding month.
Also, the facility of communication between taxpayers has been enabled on the GST portal.