GSTR-1 enhancements & improvements :
The following changes are being done in this phase of the GSTR-1/IFF enhancements :
- Removal of ‘Submit’ button before filing : The present two-step filing of GSTR-1/IFF involving ‘Submit’ and ‘File’ buttons have been replaced with a simpler single-step filingprocess . It provides taxpayers with the flexibility to add or modify records till the filing is completed by pressing the ‘File Statement’ button.
- 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 taxpayers. This will provide a complete overview of the records added in GSTR-1/IFF before actual filing.
- 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 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
CBIC issues guidelines for scrutiny of GST returns for FY 2017-18 & 2018-19
Central Board of Indirect Taxes & Customs (CBIC) issued standard operating procedure (SoP) for GST to streamline the scrutiny of Goods and Services Tax (GST) returns filed for the financial year 2017-18 and 2018-19.
The CBIC said that the selection of returns for scrutiny is to be based on specific risk parameters. For this purpose, the Directorate General of Analytics and Risk Management (DGARM) has been assigned the task to select the GSTINs registered with Central tax authorities. Once returns will be picked up for scrutiny, it would be sent to proper officials, which will be of the rank of Superintendent of Central Taxes of the jurisdiction range of the taxpayer.
SOP aims to ensure that during the scrutiny exercise, the interface with the taxpayer be kept minimal and officials are asked to use existing data, including e-way bills, data from DGARM, GSTN, and other official data for this purpose, which would be updated and shared to field officials from time to time. Officials had been asked to pay attention to Input Tax credit filed by the companies.