TaxTMI 
TaxTMI 
Upcoming GSTR-1/IFF enhancements
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....pcoming GSTR-1/IFF enhancements <br>GST<br>Dated:- 23-2-2022<br><BR>1. The statement of outward supplies in FORM GSTR-1 is to be furnished by all normal taxpayers on a monthly or quarterly basis, as applicable. Quarterly GSTR-1 filers have also been provided with an optional Invoice Furnishing Facility (IFF) for reporting their outward supplies to registered persons (B2B supplies) in the first two....
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.... months of the quarter. Continuous enhancements & technology improvements in GSTR-1/IFF have been made from time to time to enhance the performance & user-experience of GSTR-1/IFF, which has led to improvements in Summary Generation process, quicker response time, and enhanced user-experience for the taxpayers. 2. The previous phase of GSTR-1/IFF enhancement was deployed on the GST Portal in Nove....
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....mber 2021. In that phase, new features like the revamped dashboard, enhanced B2B tables, and information regarding table/tile documents count were provided. In continuation to the same, the next Phase of the GSTR-1/IFF improvements would be implemented shortly on the Portal. 3. GSTR-1/IFF can be viewed as usual by navigating in the following manner : Return Dashboard > Selection of Period > Deta....
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....ils of outward supplies of goods or services GSTR-1 > Prepare Online The following changes are being done in this phase of the GSTR-1/IFF enhancements : (i) Removal of 'Submit' button before filing : The present two-step filing of GSTR-1/IFF involving 'Submit' and 'File' buttons will be replaced with a simpler single-step filing process . The upcoming 'File Statement' button will replace the pr....
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....esent two-step filing process and will provide taxpayers with the flexibility to add or modify records till the filing is completed by pressing the 'File Statement' button. (ii) Consolidated Summary : Taxpayers will now be shown a table-wise consolidated summary before actual filing of GSTR-1/IFF. This consolidated summary will have a detailed & table-wise summary of the records added by the tax....
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....payers. This will provide a complete overview of the records added in GSTR-1/IFF before actual filing. (iii) Recipient wise summary : The consolidated summary page will also provide recipient-wise summary, containing the total value of the supplies & the total tax involved in such supplies for each recipient. The recipient-wise summary will be made available with respect to the following tables ....
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....of GSTR-1/IFF, which have counter-party recipients : - Table 4A : B2B supplies - Table 4B : Supplies attracting reverse charge - Table 6B : SEZ supplies - Table 6C : Deemed exports - Table 9B : Credit/Debit notes 4. The functionality will be made available on the GST Portal shortly, and the same will be intimated to taxpayers. For detailed advisory & sample screenshots of the upcoming G....
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....STR-1/IFF improvements & enhancements, please click here Thanking you, Team GSTN.<BR> News - Press release - PIB....