{"id":7270,"date":"2022-05-14T11:57:43","date_gmt":"2022-05-14T10:57:43","guid":{"rendered":"https:\/\/www.gstworld.co.in\/blog\/?p=7180"},"modified":"2022-05-14T12:07:08","modified_gmt":"2022-05-14T11:07:08","slug":"upcoming-gstr-1-enhancements-improvements","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/upcoming-gstr-1-enhancements-improvements\/","title":{"rendered":"Upcoming GSTR-1 enhancements & improvements"},"content":{"rendered":"
    \n
  1. The statement of outward supplies in FORM GSTR-1 is to be furnished by all normal taxpayers on a monthly or quarterly basis, as applicable. Quarterly GSTR-1 filers have also been provided with an optional<\/em> Invoice Furnishing Facility (IFF) for reporting their outward supplies to registered persons (B2B supplies) in the first two months of the quarter. Continuous enhancements & technology improvements in GSTR-1\/IFF have been made from time to time to enhance the performance & user-experience of GSTR-1\/IFF, which has led to improvements in Summary Generation process, quicker response time, and enhanced user-experience for the taxpayers.<\/li>\n
  2. The previous phase of GSTR-1\/IFF enhancement was deployed on the GST Portal in November 2021. In that phase, new features like the revamped dashboard, enhanced B2B tables, and information regarding table\/tile documents count were provided. In continuation to the same, the next Phase of the GSTR-1\/IFF improvements would be implemented shortly on the Portal.<\/li>\n
  3. GSTR-1\/IFF can be viewed as usual by navigating in the following manner :
    \n Return Dashboard > Selection of Period > Details of outward supplies of goods or services GSTR-1 > Prepare Online<\/strong>
    \n The following changes are being done in this phase of the GSTR-1\/IFF enhancements :<\/p>\n

    ·<\/span>Removal of Submit<\/em> button before filing :<\/strong> The present two-step filing of GSTR-1\/IFF involving Submit and File buttons will be replaced with a simpler single-step filing<\/em> <\/strong>process . The upcoming File Statement button will replace the present two-step filing process and will provide taxpayers with the flexibility to add or modify records till the filing is completed by pressing the File Statement button. <\/p>\n

    ·<\/span>Consolidated Summary :<\/strong> Taxpayers will now be shown a table-wise consolidated summary before actual filing of GSTR-1\/IFF. This consolidated summary will have a detailed & table-wise summary of the records added by the taxpayers. This will provide a complete overview of the records added in GSTR-1\/IFF before actual filing.<\/p>\n

    ·<\/span>Recipient wise summary : <\/strong>The consolidated summary page will also provide recipient-wise summary, containing the total value of the supplies & the total tax involved in such supplies for each recipient. The recipient-wise summary will be made available with respect to the following tables of GSTR-1\/IFF, which have counter-party recipients :<\/p>\n<\/ul>\n<\/li>\n

    –    Table 4A : B2B supplies
    \n –    Table 4B : Supplies attracting reverse charge
    \n –    Table 6B : SEZ supplies
    \n –    Table 6C : Deemed exports
    \n –    Table 9B : Credit\/Debit notes<\/p>\n

  4. The functionality will be made available on the GST Portal shortly, and the same will be intimated to taxpayers. For detailed advisory & sample screenshots of the upcoming GSTR-1\/IFF improvements & enhancements, please click here<\/a> <\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

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