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GSTR-1 is the monthly GST return to be filed by taxable person registered under GST. GSTR-1 will include the details of all outward supplies made in the given period. In the standard format released by the department, GSTR-1 return form is divided into multiple tables, each table is used for a different type of outward supply. In Tally.ERP 9, GSTR-1 can be viewed in a report format with tax computation details. This report can be changed to table-wise format (department format) with the click of a button.
All transactions, whether recorded correctly, incorrectly or inadequately, are captured and categorised in this report. Further, to help you verify the tax details before exporting the returns, the GSTR-1 report in Tally.ERP 9 provides you with options to resolve exceptions in transactions that are not forming part of the returns due to incomplete information or mismatch.
The report also enables you to update the status of each transaction in the return based on the acceptance and reconciliation status of the transaction on GSTN portal using the Status Reconciliation option.
To view the GSTR-1 report
● Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR–1.
The GSTR-1 report appears as shown:
The different sections of the report are:
Returns Summary: This section displays a snapshot of business operations in the given period.
Particulars (computation details): This section displays the taxable value and tax amount from outward supplies considered in the returns.
Drill down from any part to display detailed information at the subsequent levels.
Show break-up of nett values?: Enable this option to display Gross Value, Returns, and Addition/Deduction values in detailed mode of the report. This option is disabled by default.
Show tax types in separate columns?: Enable this option to view all GST tax types in separate columns. This option is enabled by default. When this option is displayed, tax amount is displayed in a single column without the Central Tax, state tax and integrated tax break-up.