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How to File GST Return (Form GSTR-1) using Tally.ERP 9 Release 6

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The day when businesses across India will file the GSTR 1 for the first time is not too far (5th September 2017). 

We are happy to announce that GST-ready Tally.ERP 9 Release 6.1  release is available now. Using this release, you will be able to generate Form GSTR 1 as per the requirements of GST Department.

Introduction to Form GSTR 1

Form GSTR 1 is a form in which the business needs to provide the details of its outward supplies. Outward Supplies means all supplies consisting of sales to other businesses, sales to consumers, exports, advance receipts from customers, and so on.
There are multiple tables in the form, and in each table, businesses have to furnish details in different styles, for example,
a) It is required for businesses to present “Sales done to other registered business (B2B Invoices)” bill-by-bill with details of the buyer.
b) Present “Sales done to consumers of small amounts (B2CS Invoices)” as a summary and not bill-by-bill.
c) Present “Sales done to consumers of large amounts (B2CL Invoices)” bill-by-bill with details of the consumer.

GST Practitioner will file our GST returns, what should we do?

We have observed that most businesses in India rely on their GST Practitioners to help them with their Tax Returns. The expectation is that it will continue to be the same for a while.

In such cases, your business will surely require help from both the GST Practitioners and the software you use, to provide you with all the relevant information, which will help you to file GST Returns and remain compliant.

You can do one of the following based on your style of working:
a) You can take a backup of your company data and share it with your GST Practitioner.
b) You can go to Form GSTR 1 report, make corrections/changes to vouchers that appear in Incomplete/Mismatch of information and export the same to Microsoft Excel Template, which can then be shared with your GST Practitioner. Click here for more details about generating Form GSTR 1 from Tally.ERP 9.

We take care of filing our own GST returns. How should we proceed?

There will be businesses that will want to file their GSTR 1, at the request of their GST Practitioners on their own. For such businesses, the GST-ready software that they are using should allow them to generate GSTR 1.

GST-ready Tally.ERP 9 allows generating GSTR-1 from within the product itself. You may go to Form GSTR-1 report, apply corrections to vouchers that appear in Incomplete/Mismatch of information and export the same to MS Excel Template, which can then be validated using GSTN offline tool and uploaded to the GSTN portal. Watch this space for more details about generating Form GSTR 1 from Tally.ERP 9.

We are GST Practitioners (CA, STP or accountants). How do we go about GSTR-1 filing?

If you are a GST Practitioner. You may be digitizing books for your clients using GST-ready Tally.ERP 9 and will file GST returns using that data itself. GST-ready Tally.ERP 9 allows generating GSTR 1 from within the product itself. You may go to Form GSTR 1 report, apply corrections to vouchers that appear in Incomplete/Mismatch of information and export the same to MS Excel Template, which can then validated using GSTN offline tool and uploaded to the GSTN portal.

For the rest of your clients, you may receive data in the following manner:
1) Data backup from GST-ready Tally.ERP 9.
2) GSTR 1 Excel Template as required by GSTN.
3) Data from any other software (not covered in this blog).

If you have received data backup from GST-ready Tally.ERP 9, then you can restore the backup and generate the GSTR 1 as discussed earlier.

With GST-Ready Tally.ERP 9, you can generate GSTR 1 from within the product. You can go to Form GSTR 1 report, apply corrections to vouchers that appear in Incomplete/ Mismatch of information and export the same to MS Excel Template. This can then be validated using the GSTN offline tool and uploaded to the GSTN portal.

If you have received GSTR 1 MS Excel Template as required by GSTN, then you need to import that in the offline tool, generate the JSON file and upload the JSON file to GSTN portal.

ARE YOU GST READY YET? Get Ready for Tally ERP. 9 with Release 6.0.3
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