The Goods and Services Tax Network (GSTN) on June 29, 2023, issued an advisory regarding the Online functionality developed by GSTN to enable the taxpayer to explain the difference in GSTR-1 & 3B return online. This feature is now live on the GST portal.
The liability declared in GSTR-1/IFF can be compared with the liability paid in GSTR-3B/3BQ for each return period. If the declared liability exceeds the paid liability by a predefined limit or the percentage difference exceeds the configurable threshold, the taxpayer will receive an intimation in the form of DRC 01B.
The taxpayer can the file a reply in Form DRC-01B Part B along with details regarding the discrepancy.
