Details of Turnover including Exempt Supplies, Export of Goods or Services or both stating the Taxable Value, CGST, SGST and IGST for the month for which return is being filed. 7- B2C Others All supplies that are B2C and the amount is less than Rs 2.5 lakh, the details of those invoices have to be entered here. GSTR-1 is a tax return that summarises the sales and other outward supplies made by a regular dealer. Free GST Accounting Software for SMEs from EZTax.in to do Invoicing, Billing, Printing, Returns, and manage accounting in a seamless way. You can drill down on each row to view the details. The Credit notes act as a Source document for the Sales return in Accounting Journal. Get 1 year Free Subscription GST Accounting made easy, work anywhere, anytime, is now customized for 8 countries. In other words, the credit note serves as evidence for the reduction in sales. The taxpayer can download the GSTR 1 form in PDF format here. Invoice or debit note where the Supplier (GSTIN) and place of supply are in the same state, while the recipient is in another State. It has to be filed either quarterly (if the turnover is less than Rs 1.5 crore, Rs 5 crore from Jan 2021 onwards) or monthly (if the turnover exceeds Rs 1.5 crore, Rs 5 crore from Jan 2021 onwards). A credit note is a commercial document issued by a seller to a buyer. The credit note can contain the lists of the products, quantities and agreed prices for goods or services. Invoice or debit note for the supply of goods or services or both where the recipient is not entitled to Input Tax Credit. ). The taxpayers who are under the threshold limit to 1.5 crores will have to file quarterly return. delete the customer’s GSTIN mentioned in these invoices. What amount of sales turn over should we show in which tariff (12%, 18% etc. You need to file GSTR-1 returns: This section provides a summary of all transactions recorded in the reporting period. Re-compute B2C(S) summary. Subsequently, on receiving Debit Note from Customer for the difference 6%, we have raised Credit Note. 10. GSTR-1 returns can be generated from Tally.ERP 9 in the JSON format , and uploaded to the portal for filing returns. Amount of Input Tax Credit available during the month. 9C- Amended Credit/Debit Note (Unregistered) Select the 9C amended credit/debit note (Unregistered) tile and then follow the same steps as mentioned above. Please note that Your customer will not be able to get Input Tax credit in such cases since he was not registered for those Invoice dates. This will help you if you have entered the wrong GST number in GSTR 1 in the previous month. Move the invoices to B2C(S) section, i.e. RET191115: Invoice number does not exist. Table 10: Details of debit note and credit note … Reupload to govt portal. Table 9: Details of debit notes, credit notes, refund vouchers issued during the current period and any amendments to taxable outward supply details furnished in the GSTR-1 returns for earlier tax periods in table 4, 5 & 6. Credit Note and Debit Note Details; GSTR-3B. Goods & Services Tax - Self Service Portal, an initiative by GSTN, powered by Tech Mahindra. Choose for higher productivity, Try Today. GSTR-1 Report. GSTR-1 – Other Details 1. If you are looking for How to amend GSTR 1 after filing, then this article will help you to do so. We have raised an Invoice to our Customer charging GST wrongly @ 18% instead of 12%. The GSTR 1 form is a return form for the regular taxpayers who have to file details of outward supplies on every 11th of next month for those who cross the turnover more than 1.5 crores annually. One thing you should note that you can not revise GSTR 1 already filed in the previous month but you can rectify mistakes in the current month. Now how can we show this in GSTR3B Return (i.e.) GSTR-1 has to be filed by a taxable person registered under GST.
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