What are communications received after successful filing of GSTR-1? a. Application Reference Number (ARN) gets generated on successful filing of GSTR-1. b. An SMS and email is also sent to the taxpayer on the Mobile Number and E mail ID of his primary authorised signatory. Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs… Read More »
Does a taxpayer need to electronically sign GSTR-1 after successful submission of GSTR-1? Yes, a tax payer needs to electronically sign the GSTR-1 after successfully submitting it, otherwise GSTR-1 will be considered as not-filed. The successful submission freezes the GSTR-1 and no changes can be made by taxpayer thereafter. Related GST FAQ GSTR 1… Read More »
Is there any specified format for invoice number under GST laws? Yes, the invoice number has to be of maximum length of 16 characters and the allowable characters are alphanumeric and special characters of dash and slash. Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs GSTR 3B FAQ How to utilize GST Electronic… Read More »
Can a registered taxpayer have multiple series of tax invoices? Yes, a tax payer can have multiple series of tax invoices in a financial year. There is no limit on the number of series of tax invoices that one can have in a financial year Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs… Read More »
Can there be duplicate invoice series in a particular financial year for a particular GSTIN? For a particular GSTIN, there cannot be duplicate invoice series in a particular financial year. The GST system will not accept duplicate supply invoices in a return and will provide error on validation. Related GST FAQ GSTR 1… Read More »
Until when can changes be made to the uploaded invoice details in GSTR 1 ? Taxpayers can modify/delete invoices any number of times till they submit the GSTR-1 of that particular tax period. The uploaded invoice details are in a draft version, and can be changed irrespective of due date until the GSTR-1 is submitted.… Read More »
Who is liable to pay tax under Reverse charge mechanism? The recipient of goods and services is liable to pay tax under reverse charge mechanism, if the said goods or services are notified to be subject to Reverse Charge and if they are received from unregistered persons by the recipients and its value is more… Read More »
How do I report supplies to SEZ units or SEZ developers in GSTR-1? As the SEZ unit or SEZ developer are registered and have GSTIN, the invoice details of supplies to them need to be reported in the section of supplies to registered taxpayers (B2B invoice details) with appropriate SEZ flag. Related GST FAQ… Read More »
Q Is shipping bill number mandatory while declaring export invoices in GSTR-1? No, a taxpayer can furnish details of the export invoices in GSTR-1 and file the return without mentioning the shipping bill number and date, if the shipping bill details are not readily available with him. Q. How can shipping bill number be furnished… Read More »
In case of Receipt of advance by the Supplier from a Receiver, is the supplier liable to pay tax on such an advance amount under GST ? Yes, Supplier is liable to pay tax on advances received from Receivers for the supply of goods and services and report the consolidated advance received details in month… Read More »