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GSTR-1 (Outward Supply)

GSTR-1 (Outward Supply)

  • Verified

    • Form GSTR-1 is a monthly/quarterly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.

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    Features for GSTR 1 in EMG Sapphire

    • Invoices for multiple GSTINs can be uploaded in a single file (subject to size limitation of 20MB or Zip file). EMG Sapphire will sort and upload the invoices in respective GSTINs.

    • Validation of Counter-party GSTIN with GSTN database

    • Filters to VIEW invoices based on parameters like Error/Warning, GSTN status, Counter-party etc.

    • Download all or filtered invoices. For large volume invoices, optimization is being done. While from application, large volume download can be triggered; there could be limitation of CSV/Excel to view beyond a certain number of records

    • View of errors in case of aggregate sections – B2CS, HSN, Advances, Doc Details

    • Dual view of GSTR return data

      • GSTR 1 Summary which is based on the GST System logic.

      • GSTR 1 Invoice and other details view based on the PDF format released by the Govt

    • Fetch GSTR 1 Summary from GST System – Available as CSV download and consists of summary of data available at GST System

    • Comparison of GSTR 1 Summary generated on EMG Sapphire and GST System. This comparison will help to reconcile data available on EMG Sapphire and saved at GST System

    • Once you filed your GSTR 1, the feature of tracking return status for every filing period is also available.

    • PDF downloader for GSTR-1 filed data as Per GST Portal.

    • EVC & DSC Signer to submit the GSTR-1 for any respective GSTIN.

    • E-Invoice reconciliation for all your B2B & Export Invoices.

    Key points to note

    • File format supported – CSV and ZIP containing one or multiple CSV.

    • The format (including the headers and sequence of columns) needs to be strictly followed

    • Multiple files can be uploaded. Size limit for each file is 20MB or it should be zip file.

    • Invoice number and invoice type combination is the primary key. In subsequent files, if same combination exists, then the earlier uploaded invoice details will get replaced. [Hence the entire invoice details need to be present in one file and cannot be split across multiple files]

    • Structural errors check for format of data. In case of structural errors, the entire file gets rejected and none of the invoices from that invoices will get uploaded

    • Business rules are checked only after the file is structurally correct

    • In HSN Summary, “Invoice Value” is calculated as Taxable Value plus Tax amounts. If in uploaded file, your Invoice Value for any invoice does not match the total of Taxable Values plus Tax amounts, then in HSN summary also the calculated Invoice Value will not match the total of Invoice Values provided in the uploaded excel.

    • Invoices having errors will be highlighted and can be filtered in VIEW section. Invoices having errors will not be considered while creating GSTR 1 [If any discrepancy is found in the GSTR summary invoice count and invoices uploaded, invoices having errors could be one of the reason