We are happy to announce that GST-ready Tally.ERP 9 Release 6.1 is available now. Using this release, you will be able to generate Form GSTR-1 as per the requirements of GST Department. To upgrade to the new release click here.

Topics covered

  1. Introduction to Form GSTR-1
  2. GST Practitioner files our returns, what should we do?
  3. We take care of filing our own returns, how should we proceed?
  4. We are GST Practitioners (CA, STP or accountants), how do we go about GSTR 1 filing?
  5. From where can we get the offline utility for filing GSTR-1?

Introduction to Form GSTR-1

Form GSTR-1 is a form in which the business needs to provide the details of its outward supplies. Outward Supplies means all supplies consisting of sales to other businesses, sales to consumers, exports, advance receipts from customers, and so on.
There are multiple tables in the form, and in each table businesses have to furnish details in different styles, for example,
a) It is required for businesses to present “Sales done to other registered business (B2B Invoices)” bill-by-bill with details of the buyer.
b) Present “Sales done to consumers of small amounts (B2CS Invoices)” as a summary and not bill-by-bill.
c) Present “Sales done to consumers of large amounts (B2CL Invoices)” bill-by-bill with details of consumer.

 

GST Practitioner will file our GST returns, what should we do?

We have observed that most businesses in India rely on their GST Practitioners to help them with their Tax Returns. Expectation is that it will continue to be the same for a while.

In such cases, your business will surely require help from both the GST Practitioners and the software you use, to provide you with all the relevant information, which will help you to file GST Returns and remain compliant.

You can do one of the following based on your style of working:
a) You can take a backup of your company data and share it with your GST Practitioner.
b) You can go to Form GSTR-1 report, make corrections/changes to vouchers that appear in Incomplete/Mismatch of information and export the same to Microsoft Excel Template, which can then be shared with your GST Practitioner. 

We take care of filing our own GST returns. How should we proceed?

There will be businesses that will want to file their GSTR-1, at the request of their GST Practitioners on their own. For such businesses, the GST-ready software that they are using, should allow them to generate GSTR-1.

GST-ready Tally.ERP 9 allows generate GSTR-1 from within the product itself. You may go to Form GSTR-1 report, apply corrections to vouchers that appear in Incomplete/Mismatch of information and export the same to MS Excel Template, which can then be validated using GSTN offline tool and uploaded to the GSTN portal. Watch this space for more details about generating Form GSTR-1 from Tally.ERP 9.

We are GST Practitioners (CA, STP or accountants). How do we go about GSTR-1 filing?

If you are a GST Practitioner. You may be digitising books for your clients using GST-ready Tally.ERP 9 and will file GST returns using that data itself. GST-ready Tally.ERP 9 allows generate GSTR-1 from within the product itself. You may go to Form GSTR-1 report, apply corrections to vouchers that appear in Incomplete/Mismatch of information and export the same to MS Excel Template, which can then validated using GSTN offline tool and uploaded to the GSTN portal.

For the rest of your clients, you may receive data in following manner:
1) Data backup from GST-ready Tally.ERP 9.
2) GSTR-1 Excel Template as required by GSTN.
3) Data from any other software (not covered in this blog).

If you have received data backup from GST-ready Tally.ERP 9, then you can restore the backup and generate the GSTR-1 as discussed earlier. 

With GST-Ready Tally.ERP 9, you can generate GSTR-1 from within the product. You can go to Form GSTR-1 report, apply corrections to vouchers that appear in Incomplete/ Mismatch of information and export the same to MS Excel Template. This can then be validated using the GSTN offline tool, and uploaded to the GSTN portal.

Filing GSTR-1 using Tally.ERP 9 Release 6.1

If you have received GSTR-1 MS Excel Template as required by GSTN, then you need to import that in the offline tool, generate the JSON file and upload the JSON file to GSTN portal.

From where can we get the Offline Utility for filing GSTR-1?

You can download the offline tool here.

Note: Refer to the “System Requirements” section on the GST Department page and ensure that your system matches the system requirements prescribed. In addition, read the instructions provided to install the offline tool.