The Goods and Services Tax Network ( GSTN ) has stated the GSTR-1/IFF enhancements on GST Portal.
The statement provided by GSTN mentioned that the statement of the outward supplies in form GSTR-1 is to be filed through all the normal assessees on monthly or quarterly grounds subjected to it. The quarterly GSTR-1 filers are indeed furnished with the optional invoice furnishing facility (IFF) for reporting their outward supplies to enroll individuals’ B2B supplies in the first two months of the quarter.
Latest Update
29th April 2022
- Sarthak Saxena, Joint Commissioner, will deliver a webinar on GSTR-1/IFF in English on 29th April 2022. The purpose of scheduling a webinar is to increase performance and user experience.
| Webinar Topic | Enhancements in GSTR-1/IFF |
| Language of webinar | English |
| Date | 29.04.2022 Friday |
| Time | 1500 hrs. to 1600 hrs. |
| Speaker | Mr. Sarthak Saxena Joint Commissioner OSD to CEO, GSTN |
| YouTube link to join | https://youtu.be/QOn1_p7EqZs |
Carries on the enhancements and the technology enhancements in GSTR-1/IFF are built with time to improve the performance and the user experience of GSTR-1/IFF form that rendered to grow the performance and the user-experience of GSTR-1/IFF which led to rectify the summary generation procedure, straight answering time and increase user experience for the assessee.
The former phase of the GSTR-1/IFF enhancements stands on the GST portal in Nov 2021. In that phase, the latest specification such as rectified dashboard count was given. Carrying on to that the subsequent phase of the GSTR-1/IFF rectifications will be executed in a shorter span of time on the portal.
GSTR-1/IFF can be viewed normally through navigating in the following way:
- Return Dashboard > Selection of Period > Details of outward supplies of goods or services GSTR-1 > Prepare Online
The given amendments are performed in the phase of the GSTR-1/IFF enhancements:
- Removal of the ‘Submit’ button before filing: The current two-step furnishing of the GSTR-1/IFF concerning the ‘Submit’ and ‘File’ buttons will be substituted with an easier single-step filing process. The file statement button would substitute the current two-step furnishing procedure and would furnish the assessee with the ease to add or edit records until the filing gets finished by pressing the file statement button.
- Consolidated Summary: the assessee would represent a consolidated summary in a table manner prior to the actual furnishing of GSTR-1/IFF. The same consolidated summary would need an in-depth and table-wise summary of the records added via assessee. The same would furnish the complete overview of the records added in GSTR-1/IFF prior to actual filing.
- Recipient-wise summary: The consolidated summary page shall indeed furnish a recipient-wise summary which consists of the total value of the supplies and the total tax engaged in these supplies for every recipient. The recipient-wise summary would be available for the mentioned below table of GSTR-1/IFF, which has counter-party recipients :
The assessee would now be enabled to see and download the informative summary of the GSTR-1/IFF in the newer PDF format. The format before relevant to the GSTR-1 summary was somewhere distinct from the notified format where some tables of the notified format were integrated together and made available to the users.
The new summary format has been according to the provided format of the GSTR-1. The same would indeed comprise the total outward supplies to be auto-populated in GSTR-3B form.
CBIC indeed mentioned that the functionality would be made available on the GST portal in lesser time and this will be notified to the assessee.
