How to prepare for GSTR-1 after the introduction of e-Invoicing?
Soon after the introduction of e-Invoicing from October 2020, the GSTN had begun auto-populating the GSTR-1 returns with the details from e-Invoices generated by the taxpayers to facilitate compliance and provide pre-filled returns.
Once generated, the e-Invoices can be cancelled within 24 hours. After this period, the IRP moves the data to GSTN for auto-population in GSTR-1 returns. Such auto-population of the data is intended to avoid the duplicity of the data and the efforts in compliance in the form of e-Invoices and subsequently in the form of GSTR-1 returns.
Advisory on auto-population of e-Invoice details into GSTR-1
The GSTN had issued an advisory concerning auto-population of the e-Invoice details in GSTR-1. Its objective was to facilitate return filing by providing pre-filed details of B2B supplies, supplies to SEZ, and exports.
Upon generation of IRN, the details of such invoices are populated in GSTR-1 (on a T+2 days basis) based on the document date. For all such auto-populated invoices, the source would appear as an e-Invoice, and IRN along with its date and acknowledgment number will be populated in GSTR-1. However, if such auto-populated details are edited manually, at a later stage, the source, IRN, date, and the acknowledgment number will be reset and such document will be treated as if the same was manually uploaded by the taxpayer.
In case the return for the relevant period has already been filed, the data would not get populated. Read the full article on Cygnet GSP
