Will a taxpayer receive notice if he does not file GSTR-1 by due date? Yes, he will receive a system generated return defaulter notice in format 3A if he fails to file GSTR-1 by due date. Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs GSTR 3B FAQ How to utilize GST Electronic Cash… Read More »
What precautions need to be taken while applying Digital Signature Certificate (DSC) for GST ? 1. DSC should be Class II or Class III, PAN-based DSC 2. The DSC must not be expired 3. The DSC must be registered on the GST Portal 4. EM Signer version 2.6 must be installed on the computer 5.… Read More »
What are the different ways in which GSTR-1 can be electronically signed? Taxpayers can electronically sign their returns using a DSC (mandatory for all types of companies and LLPs), E-sign (Aadhaar-based OTP verification), or EVC (Electronic Verification Code sent to the registered mobile number of the authorized signatory) Related GST FAQ GSTR 1 FAQ… Read More »
What are communications received after successful filing of GSTR-1? a. Application Reference Number (ARN) gets generated on successful filing of GSTR-1. b. An SMS and email is also sent to the taxpayer on the Mobile Number and E mail ID of his primary authorised signatory. Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs… Read More »
Does a taxpayer need to electronically sign GSTR-1 after successful submission of GSTR-1? Yes, a tax payer needs to electronically sign the GSTR-1 after successfully submitting it, otherwise GSTR-1 will be considered as not-filed. The successful submission freezes the GSTR-1 and no changes can be made by taxpayer thereafter. Related GST FAQ GSTR 1… Read More »
Is there any specified format for invoice number under GST laws? Yes, the invoice number has to be of maximum length of 16 characters and the allowable characters are alphanumeric and special characters of dash and slash. Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs GSTR 3B FAQ How to utilize GST Electronic… Read More »
Can a registered taxpayer have multiple series of tax invoices? Yes, a tax payer can have multiple series of tax invoices in a financial year. There is no limit on the number of series of tax invoices that one can have in a financial year Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs… Read More »
Can there be duplicate invoice series in a particular financial year for a particular GSTIN? For a particular GSTIN, there cannot be duplicate invoice series in a particular financial year. The GST system will not accept duplicate supply invoices in a return and will provide error on validation. Related GST FAQ GSTR 1… Read More »
Until when can changes be made to the uploaded invoice details in GSTR 1 ? Taxpayers can modify/delete invoices any number of times till they submit the GSTR-1 of that particular tax period. The uploaded invoice details are in a draft version, and can be changed irrespective of due date until the GSTR-1 is submitted.… Read More »
Who is liable to pay tax under Reverse charge mechanism? The recipient of goods and services is liable to pay tax under reverse charge mechanism, if the said goods or services are notified to be subject to Reverse Charge and if they are received from unregistered persons by the recipients and its value is more… Read More »