TMI BlogComponents of valid GST Return for Outward Supplies made by the Taxpayer (GSTR-1)X X X X Extracts X X X X X X X X Extracts X X X X ..... riod separately for goods and services: (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, State-wise summary of supply statement will be filed covering those invoices where there is address on record. The address of the buyer has to be mandatorily reflected in every invoice having a value of ₹ 50,000/- or more. (Model GST Law may provide for such a prov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h turnover in previous financial year between ₹ 1.5 Crores and ₹ 5.0 Crores. c) Any taxpayer, irrespective of his turnover, may use HSN code at 6- digit or 8-digit level if he so desires. d) To start with, compounding dealers may not be required to specify HSN at 2-digit level also. e) Prescribed Accounting code will be mandatory for those services for which Place of Supply Rules are dependent on nature of services to apply the destination principle, irrespective of turnover. f) HSN Codes at 8-digit level and Accounting Codes for services will be mandatory in case of exports and imports. (iv) The above parameters with respect to HSN code for goods and Accounting Code for services will apply for submitting the info ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nce with the Point of Taxation Rules as framed in the GST law. 6. Details relating to taxes already paid on advance receipts for which invoices are issued in the current tax period will be submitted. 7. Details relating to supplies exported (including deemed exports) both on payment of IGST as well as without payment of IGST would be submitted. 8. 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. 9. There will be a separate table for effecting modifications/correc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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