New functionalities on GSTN portal from 24.02.2024

Few important functionalities were made available on the GSTN portal. As we all know GSTN portal has many issues. Seamless flow to move from one tab to another is missing. But to help the taxpayers some new functionalities are added.

1- Download GSTR 2A in Excel and CSV format-

Now you can download the GSTR 2A in Excel and CSV format. This is very important feature. In many corporates the number of bills is very high. They find it very difficult for reconcile the ITC appearing in 2A with the data in their book.

After this functionality they will be able to reconcile easily. Even for small businesses it will be quite helpful. They can download 2A in excel. Generally small businesses dont have access to softwares and utilities. This feature will definitely help them.

2- File GSTR 1,3b and 8 via SMS

Although it was announced many years back. Now you can file all your sales returns via an SMS. This facility is only for businesses who wants to file the NIL return.

3-Opt for composition scheme-

The Goods and service Tax Portal has announced that Taxpayers can opt for Composition Scheme for the Financial Year 2024-25 by accessing the GST Portal, which will be open upto March 31, 2024. Use Navigation ‘Services -> Registration -> Application to Opt for Composition Levy’, and file Form CMP-02 to opt for the same.