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GST Return Process, How to File GSTR 1: Every registered taxable person has to furnish outward supply details in Form GSTR 1 by
the 10th of the subsequent month in every year. In this article we provide complete details for GST Return Process or How to E-File
GSTR 1 Return. GSTR Return if filled by monthly. Here below we provide step by step details or components of GSTR 1 with
screenshots. Now scroll down below n check more details
Following are my views on Draft formats under GST return.
(1) GSTR-1 can be finalised only after taking impact of auto drafted return of GSTR-1A which means
(a) Our outward supply tax liability ascertainment is finalised only after receipt confirmed by recipient or our final supply qty will be
(b) For example if X has shown 10 MT qty in GSTR-1 and recipient has accepted/received 9 MT only accordingly auto drafted
GSTR-1A will show 9 MT which either supplier has to accept or get it corrected from recipient within time to ascertain final tax liability
(c) It means supply qty is having link with qty received and accepted by recipient.
(d) All supplier has to make proper mechanism for timely validation of outward supply qty ,value from recipient in same month to
avoid any mismatch and adjustment in subsequent month by way of debit note or credit note.
Provision for corrections of previous month in outward supplies -B2B Supply Intra state and inter state
Details for mentioning debit note and credit note and impact on tax including amendment in previous months debit note and credit
note
Details of outward supplies which are exempted, non-taxable and having Nil rate
Details of Exports and Deemed Exports including amendment of previous months supplies
Details of tax already paid on advances and subsequently corresponding invoice issued
Provision for supply made to E-Commerce operator and amendment in subsequent month