The Goods and Services Tax Network (“GSTN”) has issued Advisory dated February 23, 2022 regarding upcoming GSTR-1/IFF improvements & enhancements on GST Portal for the taxpayers.

The following changes are being done in this phase of the GSTR-1/IFF enhancements :

Removal of ‘Submit’ button before filing : The present two-step filing of GSTR-1/IFF involving ‘Submit’ and ‘File’ buttons will be replaced with a simpler single-step filing process . The upcoming ‘File Statement’ button will replace the present two-step filing process and will provide taxpayers with the flexibility to add or modify records till the filing is completed by pressing the ‘File Statement’ button.

Consolidated Summary : Taxpayers will now be shown a table-wise consolidated summary before actual filing of GSTR-1/IFF. This consolidated summary will have a detailed & table-wise summary of the records added by the taxpayers. This will provide a complete overview of the records added in GSTR-1/IFF before actual filing.

Recipient wise summary : The consolidated summary page will also provide recipient-wise summary, containing the total value of the supplies & the total tax involved in such supplies for each recipient. The recipient-wise summary will be made available with respect to the following tables of GSTR-1/IFF, which have counter-party recipients :

–    Table 4A : B2B supplies

–    Table 4B : Supplies attracting reverse charge

–    Table 6B : SEZ supplies

–    Table 6C : Deemed exports

–    Table 9B : Credit/Debit notes

The above functionalities will be made available on the GST Portal shortly, and the same will be intimated to taxpayers.