GSTR 1 prescribes the details to be provided by the taxpayer in relation to outward supplies made to the buyer for the relevant period. GSTR 1 needs to be filed by every taxpayer except Composition Scheme taxpayers, Non-Resident Foreign taxpayers, TDS deductors, E commerce Operators and Input Service Distributors as there are separate returns for them.
This return is required to be filed by the 10th of subsequent month.
While filing the returns, we will come across certain words with different interpretation i.e.“SAVED”, “SUBMITTED” and “FILED” in GSTR 1 and GSTR 2. Under GSTR 1, after saving the required particulars, we have the option to edit the required changes. No changes can be made once the SUBMIT button is enabled.
The submit button will freeze the invoices uploaded in the GSTR-1 for that particular month. You will be not able to upload any further invoices for that month. In case you have missed adding any invoice, you can upload those invoices in the next month or you can wait for receiver to add it in receiver GSTR-2.
On filing of the GSTR-1, notification through e-mail and SMS is sent to the Authorized Signatory. GSTR 1 should be filed either through EVC or DSC. Filing the GSTR 1 will automatically change its status from submitted to filed.
Every registered taxable person is required submitting “Return for Inward Supplies” in form GSTR 2. The entries in GSTR 2 shall be mentioned by the buyer from 12th to 15th of the succeeding month. Adjustments, if any, is allowed to the seller in GSTR 1A on the 16th and 17th of the succeeding month after the buyer has uploaded his GSTR 2 The auto-populated invoice details will have the status of “SUBMITTED” or “SAVED”. Invoices will have “SUBMITTED” status when the counterparty has submitted its GSTR-1. When the status is “SUBMITTED”, the actions of Accept/Reject/Modify/ Pending would be available.
Invoices will have “SAVED” status when the counterparty supplier has only uploaded the invoice details but NOT submitted its GSTR-1.
When the status is SAVED, the actions of Accept/Reject/Modify/Keep Pending would NOT be available. Such “SAVED” invoices can only be added by the taxpayer as missing invoices in its GSTR 2.
Action has to be mandatorily taken on all “SUBMITTED” invoices. Invoices available with “SUBMITTED” status CANNOT be added by the taxpayer in his GSTR 2 as missing invoices. Only ADD action should be taken against the Invoices available with “SAVED” status.
To conclude the above, we can say that:-Saved of GSTR 1 = Submitted of GSTR 2 Submitted of GSTR 1 = Saved of GSTR 2
These were little technical information which will ease the way of filing returns. Hope you file GST returns without any hassle. Happy filing!!!
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