IMPORTANT POINTS ON GST ANX 1 Vrs GSTR-1
Recipient can’t modify Invoice: –
In GSTR-2, The flow of document was multi-directional where recipient had also option to modify invoice if Invoice was not correctly by vendor. However in new GST Return system, Documents flow to be Uni-directional. Only Vendors can make amendment. Recipient will have only 3 option, Accept, Reject, Pending.
Advances will not be part of GST ANX-1: –
Advances received on account of supply of services shall not be GST ANX-1, to be reported in table 3C(4) of FORM GST RET-1.
Reverse Charge supplies to be reported by Recipient only
Supplies attracting reverse charge will be reported only by the recipient with their GSTIN detail and not be supplier in this annexure. However, PAN may be reported in Table 3H if supplies attracting reverse charge are received from un-registered persons not having GSTIN.
Data available on Real Time/Near Real time Basis: –
Taxpayer (Supplier) can upload the details of invoices in ANX-1 on real-time basis. Recipient can also view details of documents uploaded by suppliers on near real time basis.
Invoices to Uploaded Rate wise as well as HSN Wise:-
Currently, Every Invoices uploaded by us only rate wise detail is required. HSN Detail is required on summery basis in last column of GSTR-1. However In New GST return system, B2B Invoice to be uploaded HSN wise. If a invoice has 10 different items having 6 HSN, 6 Items to be reported. If B2B invoice has 10 different items having 6 HSN and 1 HSN 2 different GST rates (e.g. Readymade Garments), 7 line items to be reported. For B2C invoices, HSN Reporting not required.
The summarized presentation of New GST Return Forms:-
|S. No.||Particulars||Normal |
|1.||Periodicity of Return||Quarterly or monthly||Quarterly||Quarterly|
|2.||Aggregate Turnover||More than 5 Crore-mandatory, Up to 5 Crore -optional||Up to 5 Crore-Optional||Up to 5 Crore- Optional|
|3.||Type of Outward Supply|
|-Supply to E-Commerce Operators||Yes||No||No|
|-Nil Rated, Exempted or Non-GST||Yes||Yes(even without declaration)||Yes(even without declaration)|
|4.||Type of Inward Supply|
|-Import of Services||Yes||No||No|
|-Import of Goods||Yes||No||No|
|-Import of Goods from SEZ||Yes||No||No|
|5.||The credit of Missing Invoices Available||Yes||No||No|
|6.||ISD Credits Received||Yes||No||No|
|7.||HSN Code (6 Digits) on the basis of Annual Aggregate Turnover||T/o > 5 crores, in relation to exports, imports and SEZ supplies, mandatory; T/o <5 crore or equals to 5 crores then optional.||Optional||Optional|
|8.||NIL Return by SMS||Yes||Yes||Yes|
Sahaj & Sugam Return – FORM GST