GSTR 3B Issues: Vendors to File Revised GST Return

The business owners while submitting their taxes then small mistakes and technical difficulties are frequent occurrences. However, these mistakes can create a unique situation where tax refunds end up in dealers’ computerised ledgers. Although at first glance this could seem like a good thing, there could be issues because government tax authorities frequently email traders to follow up and give them instructions on how to correct their returns and pay their taxes.

There is a technical problem with the GSTR 3B returns for the 2017–18 fiscal year, according to multiple specialists. Many traders are facing serious issues as a result of this snag. As per the existing norms, the tax liability needs to be settled using amended returns before the April 30th deadline.

Many entrepreneurs have been taken aback by a recent development in the tax refund system. It has been noted by a chartered accountant that this is the first instance of tax refunds being issued and then later having to be re-filed. Specifically, emails asking taxpayers to reset and refile their GSTR-3B forms for a certain portion of the 2017–18 fiscal year have been sent to thousands of taxpayers. In accordance with the GST system, taxpayers’ cash ledgers and electronic credit ledgers have been credited with their tax payments and input tax credits, respectively.

It is informed that some of our email subscribers need to enter their information again. Certain taxpayers may have inadvertently committed mistakes on their tax forms. It’s crucial to remember, though, that there have also been certain inconsistencies and technical problems on our end that have led to this predicament. The department regrets any inconvenience this may have caused and urges those who are impacted to act quickly.

An important notice about some taxpayers’ need to re-file GSTR-3B has been released by the Goods and Services Tax (GST) department. During the filing process, the department discovered differences between the data filed about Input Tax Credit (ITC) and payments for tax liabilities and the data kept in the GST system.

The GST council’s grievance redressal committee investigated the issue and concluded that the impacted returns would be reset to give taxpayers a chance to correct these errors. Only the affected taxpayers have received emails from the government, and they can resubmit the relevant returns via their dashboards.