New Changes in GSTR-1

 

Few changes are made in the form GSTR 1 to improve the filing process. The changes are:

 

𝟭. 𝗥𝗲𝗺𝗼𝘃𝗮𝗹 𝗼𝗳 𝗦𝘂𝗯𝗺𝗶𝘁 𝗯𝘂𝘁𝘁𝗼𝗻 𝗯𝗲𝗳𝗼𝗿𝗲 𝗳𝗶𝗹𝗹𝗶𝗻𝗴: The present ‘Submit’ and ‘File’ buttons are replaced with a single-step filing process to improve the process and fast processing. 

𝟮. 𝗖𝗼𝗻𝘀𝗼𝗹𝗶𝗱𝗮𝘁𝗲𝗱 𝗦𝘂𝗺𝗺𝗮𝗿𝘆: Table-wise summary to provide an overview of the records added in GSTR-1

𝟯. 𝗥𝗲𝗰𝗶𝗽𝗶𝗲𝗻𝘁 𝘄𝗶𝘀𝗲 𝘀𝘂𝗺𝗺𝗮𝗿𝘆: Total Supply value & total tax involved for each recipient

𝟰. 𝗡𝗲𝘄 𝗙𝗶𝗹𝗹𝗶𝗻𝗴 𝗣𝗿𝗼𝗰𝗲𝗱𝘂𝗿𝗲: The existing steps to file GSTR-1 shall be replaced with the following steps-

i.) Click ‘Generate Summary’ button for summary generation

ii.) Click ‘Proceed to File/Summary’ button to view the final summary

iii.) Click the ‘File Statement’ button to file GSTR-1/IFF.

 

Please note this is author’s personal view for educational purpose & do not constitute any legal advice and no intention to hurt anyone’s intention. Please ask legal advice from your expert.