In a significant move to enhance transparency and ease of compliance for taxpayers, the GST portal has introduced a new functionality that allows users to track the return filing status of registered persons on a financial year-wise basis. This new feature is designed to provide comprehensive visibility into the GST return filing status for all taxpayers, starting from the financial year 2017-18 to the present date.
What Does This Mean for Taxpayers?
This new functionality is a game-changer for businesses and individual taxpayers alike. Here’s what you need to know:
- Financial Year-wise Tracking:
- You can now check the GST return filing status for any financial year, from 2017-18 onwards. This feature allows you to view the filing history of registered taxpayers, providing insights into their compliance over the years.
- Enhanced Compliance Monitoring:
- This tool is particularly useful for businesses that need to ensure their suppliers and partners are GST compliant. By verifying the return filing status, businesses can avoid potential disruptions in their supply chain and ensure smooth operations.
- Historical Data Access:
- Access to historical return filing data can assist in financial audits and reconciliation processes. This feature helps in verifying past transactions and ensuring that all GST filings are in order.
- User-friendly Interface:
- The new functionality is integrated seamlessly into the GST portal, ensuring that users can easily navigate and retrieve the information they need without any hassle.
How to Use the New Functionality
Using the new feature on the GST portal is straightforward. Follow these steps to check the return filing status of a registered person:
Log in to the GST Portal and follow the below give steps
- Visit the official GST portal and log in with your credentials.
Benefits for Stakeholders
- Businesses: Ensure that all your suppliers and partners are GST compliant, reducing the risk of non-compliance penalties and improving your business operations.
- Tax Professionals: Streamline your compliance checks and audits by accessing historical return filing data for your clients.
- Government Authorities: Enhance the monitoring and enforcement of GST compliance across different sectors.
Conclusion
The introduction of the financial year-wise return filing status functionality on the GST portal marks a significant step towards improving compliance and transparency in the GST regime. By enabling users to track the filing history of registered persons from 2017-18 onwards, the government aims to provide a more robust and user-friendly system for all stakeholders involved. Make sure to leverage this new feature to stay compliant and informed about your GST obligations.
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