At the time of filing GSTR-1, you must be wondering how to avoid common mistakes. So we have listed all common mistakes that will you avoid them at the time of filing GSTR-1.
1. Aggregate Turnover
Column 3(a) requires aggregate turnover in the preceding financial year, since it asks for “aggregate turnover” we have to give the details on turnover on all India basis i.e PAN basis as Section2(6) defines “aggregate turnover” as the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess.
2. Error: “Invoices Already Submitted” while putting digital signature for return filing
Sometimes, “Error: Invoices Already Submitted” is shown after submitting GSTR-1 while filing the same through EVC or DSC. This technical glitch was not resolved by the GSTN, but here is a way to resolve it.
i. Go to settings of the web browser.
ii. Go to advanced settings.
iii. Go to privacy and security.
iv. Clear browsing data to delete the caches and cookies from the beginning of the time.
v. Go to settings again AND Type cookies
vi. All cookies will appear, type “GST” on search.
vii. Remove all GST related cookies.
viii. Come back to the portal to proceed return filing as now the error “Invoices Already Submitted” will not be shown on the GST Portal.
3. Errors at the time of invoice wise data uploading in GSTR-1
In GSTR-1 you need to upload invoice-wise data of all sales such as invoice date, invoice number, GST Rate, place of supply, etc. As you have to furnish these data manually there are higher chances wherein you can make an error at the time of uploading such data. So it is important for a taxpayer to carefully furnish the GSTR-1 Form as there is no such provision to amend it.
4. Not filing your NIL return
There are still some misconceptions that if there is no sale in the taxable period than the taxpayer needs not to furnish the GSTR-1. However, due to this error or mistake, he/she need to pay penalties for delayed filing of the GSTR-1 Form. So, it shall be noted that every taxpayer registered under GST need to file NIL return to disclose that they don’t have any transaction during the taxable period.
How to file NIL GSTR-1?
i. In case we will file the NIL GST Return without feeding any data and submitting it directly then it will show system error, therefore to avoid this Click on column 13: DOCUMENTS ISSUED DURING THE TAX PERIOD.
ii. Under Invoices for Outward Supply, Put 00 in Column 3 to Column 7 and save data to submit and file NIL GSTR-1 using EVC or DSC.
iii. B2B taxable turnover is to be uploaded tax rate wise: If in a particular bill, numerous items are sold which attracts the same rate of tax then the same shall be clubbed together for showing in GSTR-1 return purpose
iv. Shipping Bill date should be after the Invoice date
Ensure that the shipping bill date should be a date that falls after the export invoice date. In certain cases, the dealer writes the shipping bill date and invoice date as the same.
v. Sale to SEZ unit
In cases of B2B supplies, when you enter an SEZ GSTIN No., the portal should automatically unfreeze the checkbox of SEZ supplies with payment, however in many cases, the same is not happening. So, in such a case you need to inform your SEZ customer to send a mail to the GST portal to enable their GSTIN to be classified as an SEZ GSTIN.
vi. Values not showing in the table
If you have entered the data in the tables of GSTR-1, however, the values are not being reflected on the outside part of the tables, then click on “generate GSTR1 summary button” to update the values in those tables.
5. Furnishing details under the wrong GST head
As GSTR-1 Form has different heads, there are many instances where the taxpayer reports the outward supplies in the wrong head. One of the common examples is stating the wrong details in zero-rated supplies and exempt supplies. So to avoid these mistakes the taxpayer needs to take care of such errors at the time of filing the GSTR-1 Form.