TMI BlogGST Update on "Saved", "Submitted" and "Filed" in various GST ReturnsX X X X Extracts X X X X X X X X Extracts X X X X ..... GST Update on "Saved", "Submitted" and "Filed" in various GST Returns - By: - Pradeep Jain - Goods and Services Tax - GST - Dated:- 11-11-2017 - - GSTR 1 prescribes the details to be provided by the taxpayer in relation to outward supplies made to the buyer for the relevant period. GSTR 1 needs to be filed by every taxpayer except Composition Scheme taxpayers, Non-Resident Foreign taxpayers, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TDS deductors, E commerce Operators and Input Service Distributors as there are separate returns for them. This return is required to be filed by the 10th of subsequent month. While filing the returns, we will come across certain words with different interpretation i.e. SAVED , SUBMITTED and FILED in GSTR 1 and GSTR-2 . Under GSTR 1 , after saving the required particulars, we have the op ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion to edit the required changes. No changes can be made once the SUBMIT button is enabled. The submit button will freeze the invoices uploaded in the GSTR-1 for that particular month. You will be not able to upload any further invoices for that month. In case you have missed adding any invoice, you can upload those invoices in the next month or you can wait for receiver to add it in receive ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r GSTR-2 . On filing of the GSTR-1 , notification through e-mail and SMS is sent to the Authorized Signatory. GSTR 1 should be filed either through EVC or DSC. Filing the GSTR 1 will automatically change its status from submitted to filed. Every registered taxable person is required submitting Return for Inward Supplies in form GSTR 2 . The entries in GSTR 2 shall be mentioned by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... buyer from 12th to 15th of the succeeding month. Adjustments, if any, is allowed to the seller in GSTR 1A on the 16th and 17th of the succeeding month after the buyer has uploaded his GSTR 2 The auto-populated invoice details will have the status of SUBMITTED or SAVED . Invoices will have SUBMITTED status when the counterparty has submitted its GSTR 1 . When the status is SUBMITTED ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , the actions of Accept/Reject/Modify/ Pending would be available. Invoices will have SAVED status when the counterparty supplier has only uploaded the invoice details but NOT submitted its GSTR-1 . When the status is SAVED, the actions of Accept/Reject/Modify/Keep Pending would NOT be available. Such SAVED invoices can only be added by the taxpayer as missing invoices in its GSTR 2 . Action ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has to be mandatorily taken on all SUBMITTED invoices. Invoices available with SUBMITTED status CANNOT be added by the taxpayer in his GSTR 2 as missing invoices. Only ADD action should be taken against the Invoices available with SAVED status. To conclude the above, we can say that:- Saved of GSTR 1 = Submitted of GSTR 2 Submitted of GSTR 1 = Saved of GSTR 2 These were little ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... technical information which will ease the way of filing returns. Hope you file GST returns without any hassle. Happy filing!!! You can reach us at www.capradeepjain.com - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
