GST Update on Saved , Submitted and Filed in various GST Returns – Goods and Services Tax – GST – By: – Pradeep Jain – 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, 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 p
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STR 2. The entries in GSTR 2 shall be mentioned by the 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 , 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 inv
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