Quick Summary
GSTR-1 enhancements improvements 1. The statement of outward supplies in FORM GSTR-1 is to be furnished by all normal taxpayers on a monthly or quarterly basis, as applicable. Quarterly GSTR-1 filers have also been provided with an optional Invoice Furnishing Facility (IFF) for reporting their o
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FAQ :
GSTR-1 is a statement of outward supplies that normal taxpayers must furnish monthly or quarterly. The Invoice Furnishing Facility (IFF) is an optional service for quarterly GSTR-1 filers to report outward supplies to registered persons in the first two months of a quarter.
The enhancements include a simplified single-step filing process, replacing the 'Submit' and 'File' buttons with a single 'File Statement' button, and the introduction of a table-wise consolidated summary and a recipient-wise summary before filing.
The previous two-step filing process ('Submit' and 'File') has been replaced by a simpler single-step process. Taxpayers will now use a 'File Statement' button, which allows them to add or modify records until they complete the filing.
The consolidated summary provides a detailed, table-wise overview of all records added by taxpayers. It also includes a recipient-wise summary showing the total value of supplies and tax involved for each recipient, specifically for tables 4A, 4B, 6B, 6C, and 9B.
These latest GSTR-1/IFF enhancements have now been implemented and are available on the GST Portal.
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