What GST Ready-to-File Report : Amazon New Feature

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What GST Ready-to-File Report: Amazon New Feature. Every GST registered seller, selling on Amazon must file GST return in Form GSTR-1 (as prescribed by the Government) and provide transaction level details of all outward supplies including the supplies made by the seller on Amazon. This return must be filed separately for every GSTIN of the seller on a monthly or quarterly basis on or before the 11th or 13th of the subsequent month respectively.

What GST Ready-to-File Report
What GST Ready-to-File Report

To facilitate GSTR-1 (state-wise) filing, Amazon now provides you with the GST Ready-to-File report which summarizes all transaction information related to your business through Amazon in a GSTR-1 ready format and can be used to prepare the GSTR-1 return through the offline return tool provided by the Government on GST portal. This report contains the information in a format that is compatible with the template used for GSTR-1 filing in the government portal.

In absence of this report, sellers must prepare GSTR-1 by downloading monthly MTR and STR reports for shipments going out and stock transfer transactions and summarizing the required information in the government-accepted format.

The GSTR-1 report has multiple summaries and sections, which makes it a time-consuming manual process that can be prone to error.

To ease the filing experience, the GST Ready-to-File report will summarize and contain transaction information in six sheets (b2b, b2cl, b2cs, cdnr, cdnur, hsn) which are similar to the GSTR-1 offline return tool format. This will reduce the monthly or quarterly efforts of a seller to prepare the GSTR-1 return as the information will be available in the consumable format. This will help the seller to achieve timely and accurate GSTR-1 filing.

S1 Manage taxes GST ready to file

S2 GST ready to file page

Structure of the file

To download GST Ready-to-File report as a .zip file from Seller Central:

  1. Go to Reports
  2. Select Manage Taxes
  3. Click GST Ready To File Report

The .zip file contains one excel report per GSTIN of the seller and error file (for ‘Null’ or ‘N/A’ GSTIN). Each GSTIN excel report contains six tabs as detailed.

ABC
1Tab name in Amazon’s GST Ready-to-File reportTab name in GSTR-1 excel template (Offline Tool)Description as per GSTR-1 excel template (Offline Tool)
2B2Bb2bDetails of invoices of taxable supplies made to other registered taxpayers.
3B2B CN (cdnr)cdnrCredit or Debit Notes or Refund vouchers issued to the registered taxpayers during the tax period. Debit or credit note issued against invoice will be reported here against original invoice, hence fill the details of original invoice also which was furnished in B2B, B2CL section of earlier or current tax period.
4B2CL CN (cdnur)cdnurCredit or Debit Notes or Refund vouchers issued to the unregistered persons against interstate invoice value is more than Rs 2.5 lakh.
5B2C Largeb2clInvoices for taxable outward supplies to consumers where

a) The place of supply is outside the state where the supplier is registered and

b) The total invoice value is more that Rs 2.5 lakh

6B2C Smallb2csSupplies made to consumers and unregistered persons of the following nature

a) Intra-State: any value

b) Inter-State: Invoice value Rs 2.5 lakh or less

7HSN SummaryHsnHSN wise summary of goods or services supplied during the tax period.

 

The reports are available for each month as well as for each quarter. This report will be available from August 2022. (Quarterly reports will be available starting Q3 22). This is an additional report and MTR, STR will continue to be available as in the past.

Detailed Information is captured in each tab of the GST Ready-to-File report

 

AB
1Tab name in Amazon’s GST Ready-to-File reportInformation captured in Amazon’s GST Ready-to-File report
2B2BThis tab contains details of all invoices issued to a registered customer (such as a customer having GSTIN), as well as all stock transfer invoices for inter-state movement of goods.

You can refer invoices with transaction type as ‘Shipment’ under MTR B2B report and inter-state invoices within STR report for details on these invoices.

3B2B CN (cdnr)This tab contains details of all credit notes issued to a registered customer (such as a customer having GSTIN).

You can refer transactions with transaction type as ‘Refund’ under MTR B2B for details on these credit notes.

4B2CL CN (cdnur)This section contains details of all credit notes for inter-state invoices with value more than Rs 2,50,000 and issued to a non-registered customer (such as, a customer without GSTIN).

You can refer credit notes for which the invoice value more than Rs 2,50,000 under MTR B2C.

5B2C LargeThis section contains details of all inter-state invoices with value more than Rs 2,50,000 and issued to a non-registered customer (such as a customer without GSTIN).

You can refer invoices with invoice value more than Rs 2,50,000 and transaction type as ‘Shipment’ under MTR B2C.

6B2C SmallThis section contains details of all invoices issued to a non-registered customer (such as a customer without GSTIN). The amount is summarized at each place of supply and GST rate. (Note: The amount is net off credit note).

You can refer invoices with value less than Rs 2,50,000 and with transaction type as ‘Shipment’ or ‘Refund’ under MTR B2C for details on these invoices.

7HSN SummaryHSN wise summary of goods or services supplied during the tax period.

 

FAQ

1. What is GST Ready-to-File report?

Ready-to-file GST report is a single report that can be accessed by sellers to complete monthly or quarterly GSTR-1 filing on the government’s portal using the Offline Returns tool. This additional report provides details of all B2B, B2C, and stock transfer transactions related to your business on Amazon in a format that is compatible with the template used for GSTR-1 filing. However, sellers must review and edit information as required to provide an accurate view of their tax obligation to the government.

2. How do I download this report from Seller Central?

This report will be available for direct download on the Manage Taxes page where you can also access the existing MTR and STR reports.

3. When will the GST Ready-to-File reports be available for download every month?

The GST Ready-to-File reports will be published on the 5th of each month. Effective August 2022, reports will be available for each month. Quarterly reports will be available starting Q3 2022.

4. What sections or sheets of GSTR-1 data will be available in GST Ready-to-File report?

We will enable you to access and file data for B2B, B2B CN (cdnr), B2CL CN (cdnur), B2C Large (b2cl), B2C Small (b2cs), and HSN summary. Sheets that will not be part of this report are Export, Tax liability on advances, advance adjustment, nil rated or tax exempted and document summary (such as, b2ba, b2cla, b2csa, cdnra, cdnura, exp, expa, at, ata, atadj, atadja, exemp, and docs sheets).

5. My GSTIN is present across multiple seller IDs that I use. Will I be able to download a single report?

No, this report is only available at a seller central account-GSTIN level. If you have used the same GSTIN details across multiple seller central accounts then you must download the report individually for each seller credential.

6. Can I upload this file directly to the GST portal?

While the information is in the same format as required by Government offline return filing tool, we recommend sellers to perform the following steps before uploading:

  • Review Tax rates, HSN, and respective GSTIN of the report.
  • Review the transactions under the error file and complete the details for appropriate disclosure.
  • Reconcile the report with the monthly MTR and STR to ensure all details are captured.
  • Review the tax disclosure for transaction types like fulfillment center removals and free replacements and add relevant invoices raised at your end against these transactions.

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