About the Event

Indian enterprises are under constant scrutiny by the tax department, with recent measures like automated return scrutiny and DRC-01B and DRC-01C intimations enhancing vigilance. These steps aim to detect reporting discrepancies right from the source during the filing of regular returns in forms GSTR-1 and GSTR-3B, highlighting differences between GSTR-1, GSTR-2B, and GSTR-3B.

However, the inability to revise GSTR-1 once filed remains a challenge. From August 2024, the introduction of form GSTR-1A will allow corrections in GSTR-1 within the same month before filing GSTR-3B. Despite this, enterprises should aim to minimize reliance on GSTR-1A to avoid adding another layer of reconciliation burden to their teams' existing responsibilities.

To effectively manage this, enterprises must implement rigorous checks and validations to reduce discrepancies while filing GSTR-1, ensuring alignment with other returns and sales/purchase registers. Manual processes are strenuous and resource-intensive, making compliance automation crucial in minimizing errors and discrepancies in GSTR-1 and GSTR-3B.

Join our exclusive session where our experts will delve into how enterprises can minimize errors and avoid discrepancies in GSTR-1. We will also discuss when and how to leverage the newly introduced GSTR-1A effectively.

Key Takeaways

Popular Errors And Discrepancies In GSTR-1 :

Identify and understand common errors and discrepancies encountered in GSTR-1 filings.

All About GSTR-1A Implementation & Use :

Learn about the implementation and practical use of the new GSTR-1A form for correcting GSTR-1 errors.

Resolutions To Erroneously Filed GSTR-1 :

Discover effective solutions for addressing and rectifying errors in previously filed GSTR-1 forms.

Checklist to Avoid Errors In GSTR-1:

Utilise a comprehensive checklist to ensure accuracy and avoid common mistakes in GSTR-1 filings.

How Compliance Automation Improves Accuracy:

Explore how compliance automation can significantly enhance the accuracy of GSTR-1 and GSTR-3B filings.

How can Clear Help In Error-free GSTR-1 Filing:

See how Clear's solutions can assist your enterprise in achieving error-free GSTR-1 filing and compliance.

Our Speaker

Tax professional with over a decade of experience in taxation, audits. Now focusing on business development and strategic planning. Also serves as a visiting faculty, delivering lectures at management and degree colleges.

Shrenik Shah

Tax Professional and Business Strategist, Clear Tax

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