GSTR-1 is a form that businesses need to file regularly (either monthly or quarterly), which provides a summary of all the goods or services they sell to their customers. This form is important for the government to keep track of all transactions and collect taxes accurately. With the implementation of e-Invoicing, the information that businesses provide to the Invoice Registration Portal (IRP) to generate a unique IRN is also shared with the GST portal, making the process more efficient and streamlined.
When businesses file GSTR-1, some of the information is automatically filled in from the invoices uploaded on the e-invoicing portal. However, if a business needs to change or cancel an invoice after 24 hours, they cannot do so. Instead, they need to create Debit/Credit notes to correct any mistakes or make any changes. The invoice editor can be used to modify the auto-filled information before filing GSTR-1. It is important for businesses to be careful while generating e-invoices to avoid any mistakes and make sure they provide accurate information to avoid any compliance issues.
Let us now discuss the steps to download and edit E-invoice data in GSTR-1.
Follow the steps below to edit e-invoice data that is auto-populated in GSTR-1:
The following tables of the Form GSTR-1 have the e-invoice data automatically filled in from the e-invoice system:
The appropriate table can be edited by clicking on it. Taxpayers can also choose to edit the e-invoice data directly on the GST portal in GSTR-1. Follow the steps below:
Step 1: Select “4A, 4B, 4C, 6B, 6C – B2B Invoices”
Step 2: To view a list of invoices associated with a recipient’s GSTIN, click on the GSTIN under Receiver’s Details. The entire collection of invoices from the chosen GSTIN will be shown.
Step 3: Click on the Display/Hide Columns drop-down arrows and choose the Check All option from the list to view all the columns. The auto-populated data will be shown in the following columns.
The information below can be seen on the Processed Documents page if the e-invoice details are automatically filled out in the Form GSTR-1:
Step 4: Click the edit icon in the “Actions” column to edit an invoice’s details. The data from the invoice will be shown.
Step 5: At the bottom of the page, click the “Edit” button. Sections of the item details will be modifiable.
Step 6: Where necessary, make revisions to the invoice’s specifics. Then, to save these changes, click the “Save” button. After selecting the “Edit” button, the “Save” button will appear on the page.
Step 7: A pop-up will display on the screen and ask the user to confirm. To continue, select the “Yes” option, which will cause the message window to dismiss. The request has been successfully accepted, as shown by the success message that will appear at the top of the page.
The source will no longer be listed as “e-invoice” once the auto-populated e-invoice data in the Form GSTR-1 are updated, and the three columns—Source, IRN, and IRN Date—become empty.
Step 8: To edit the invoice details, click the “Generate Summary” button at the bottom of the page.
To add the automatically-populated details awaiting action from the receivers, scroll to the bottom of the page and click the “Generate GSTR-1 summary” button. After a minute, come back and continue. A success notice will appear at the top of the page following the generation of the summary.
The GST Portal will automatically produce the summary at intervals of 30 minutes. After entering invoices, you may build the summary by selecting the “Generate GSTR-1 Summary” option and viewing it immediately. The summary, however, can only be produced at 10-minute intervals. You will see an error message at the top of the page if you attempt to generate the summary before the allotted 10 minutes have passed. Use BUSY E-Invoicing Solution to generate fast and accurate e-invoices automatically in just one click, without going to the portal!