GSTN Advisory on DRC-01B Compliance: Explaining GSTR-1 & 3B Differences

The Goods and Services Tax Network (GSTN) has recently issued an advisory on June 29, 2023, regarding online compliance pertaining to liability or difference appearing in returns. This advisory introduces a new functionality on the GST portal, allowing taxpayers to explain differences between their GSTR-1 (outward supplies) and GSTR-3B (summary return) online. In this article, we will provide a comprehensive guide on this online compliance process and its implications, based on GSTN Advisory.