Home / Economy / News / Purchases, imports and SEZ supplies to be auto-generated under GST system

Purchases, imports and SEZ supplies to be auto-generated under GST system

Currently, taxpayers file GSTR1, which is a seller form and GSTR3B. However, purchases are not auto populated from GSTR1

Premium

"The present data upload has been done on a trial basis to give a feel of the functionality and to get feedback from the taxpayers on the same," said Abhishek Jain, partner at EY | (Illustration: Ajay Mohanty)

Indivjal Dhasmana New Delhi

1 min read Last Updated : Aug 30 2020 | 8:59 PM IST

GST taxpayers can now see their imports and inward supplies from special economic zones as these would now be auto populated. Also, various kinds of purchases would be auto populated in the new form-- GSTR 2B.

Currently, taxpayers file GSTR1, which is a seller form and GSTR3B. However, purchases are not auto populated from GSTR1.

"The present data upload has been done on a trial basis to give a feel of the functionality and to get feedback from the taxpayers on the same," said Abhishek Jain, partner at EY.

He said the system was currently displaying import data up to

Topics : Goods and Services Tax Special Economic Zones

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in