As per the latest GST news update, the Goods and Services Tax Network (“GSTN”) is going to introduce important updates related to the GST system enhancement as per the following:
Returns
- Questionnaire Based NIL Filing of GSTR1: 2 steps filing
- Changes in GSTR-3B to capture 9(5) supplies e-Commerce
- Mandatory HSN codes in table 12 of GSTR-1
- e-invoice JSON download/API for recipient/Supplier – Part A
- Improvement in filing process of GSTR-4 (Annual), some alert for table 6 to avoid “0” value.
Registration
- Geo-Spatial data Integration for taxpayers to help declaring correct address
- Auto-revocation of bulk-suspended taxpayers on filing of returns and ensuring compliances
- Allowing document upload in cancellation / rejection order in GST REG-19 and GST REG-05
- Implementation of Toggle button in record search functionality to search registration orders with respect to GST REG-05.
Tech Enhancement
- Single Onetime Authentication Key (STAK) to make the OTP authentication in return filing more reliable and faster
- Geo-Coding for facilitating taxpayers and tax administrations
- Advance cyber security analytics and proactive threat hunting
- Capability to build unplanned BCP-DR drill to improve redundancy in the IT system
Misc.
- Front Office Revamp to improve taxpayers experience
- Migration of Kerala to Model-2
- Change in storing of holiday list in GST system and calculation of due dates based on common working days between center and state
- Changes suggested in the functionality of “Aadhaar authentication or e-KYC verification for Refund module”
E-Invoice
- Implementation of multiple IRPs: Under process
- e-invoice JSON download facility for the supplier/recipient: Infra augmentation is in process
FASTag
- Integration of FASTag (RFID) System of NHAI with e-Way Bill System of GST for capturing real-time vehicle movement
- Introduced for live monitoring of the movement of goods (Phase one completed)
- Mobile app has been provided to field officers for live intervention and enforcement
Tech Enhancement
- Capacity upgrade at Gateway layer to allow up to 3 lakhs taxpayers at GST Portal concurrently and augmented application and Data Processing Layer to improve the taxpayers experience through parallel processing.
- Upgrading the Network bandwidth and resources to ensure high traffic and through put.
- Removal of the redundant codes of old returns (GSTR 2 and 3) which were causing slowness on the GST Portal while processing data of the taxpayer.
- Enhanced performance testing of the application to accommodate higher loads
- Enhanced Knowledge Repository for quick reference in event where problems are requiring quick resolution
- Several optimizations in business processes with a view to upkeep the ease of doing business like requirement based optimization of returns, reducing steps in preparing, payments and filing returns
- Enhanced Security governance system to thwart cyber attack with nil security breach till date
The Document can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Important-GST-System-Updates.pdf