Note the few important points for GSTR 1, 2 and 3 are described here ....
i. For all B2B supplies (whether inter-State or intra-State), invoice level specified details will be uploaded.
ii For all inter-State B2C supplies (including to non-registered Government entities, Consumer/person dealing in exempted/NIL rated/non GST goods or services), the suppliers will upload invoice level details in respect of every invoice whose value is more than 2,50,000. For invoices below this value, summary of supplies made for every State as the place of supply shall be filed. In this context, it is important to note that where address of the recipient is available on record, both in case of goods as well as services, other than a few exceptions, the place of supply is broadly the location of recipient and in all such cases, if the State of place of supply is different from the State where supplier is registered, it has to be treated as inter-state supply. If the address of recipient does not exist on record, the place of supply shall become the state in which the supplier is registered, making it an intra-state supply.
iii. On recommendation of the Committee on IGST and GST on Imports with respect to the details about HSN code for goods and Accounting code for services to be captured in an invoice have been accepted with certain modifications. The same has been discussed in detail in separate chapter on classification of goods and services.
iv. For all Intra- State B2C supplies (including non-registered Government entities, consumer/person dealing in exempted/NIL rated/non GST goods or services), consolidated sales (supply) details will be uploaded. However a dealer may at his option furnish invoice wise information in respect of exempted and nil rated supplies also.
v. The supply information will also have details relating to the Place of Supply in order to identify the destination state as per the Place of Supply Rules where it is different from the location of the recipient.
vi Details relating to supplies attracting Reverse charge will also be submitted.
vii Details relating to advance received against a supply to be made in future will be submitted.
viii. Details relating to taxes already paid on advance receipts for which
invoices are issued in the current tax period will be submitted.
ix. Details relating to supplies exported (including deemed exports) both on payment of IGST as well as without payment of IGST would be submitted.
x. There will be a separate table for submitting the details of revisions in relation to the outward supply invoices pertaining to previous tax periods. This will include the details of Credit/Debit Note issued by the suppliers and the differential value impact and the concomitant tax payable or refund/tax credit sought.
xi There will be a separate table for effecting modifications/correcting errors in the returns submitted earlier.
xii There will be a separate table for submitting details in relation to ML rated, Exempted and Non GST outward supplies to (both inter-state and intra-State) to registered taxpayers and consumers. |
