GSTR1 Automation by using UiPath
In this video i have automated GSTR1 IFF filing process using UiPath.
This can be useful to CA or accountants or any accounts person in an organization.
What is GSTR1?
Answer is Below.
GSTR-1 is a monthly or quarterly return that is filed by registered taxpayers under the Goods and Services Tax (GST) system in India. It is a statement of outward supplies of goods or services that a taxpayer has made in a particular tax period.
GSTR-1 contains details such as the name and GSTIN (Goods and Services Tax Identification Number) of the taxpayer, the period for which the return is being filed, the details of outward supplies, the details of inward supplies attracting reverse charge, and the details of any amendments made to the previous return.
GSTR-1 is an important return as it is used to reconcile the details of outward supplies filed by the supplier with the details of inward supplies filed by the recipient in their GSTR-2A/2B returns. It is also used for the purpose of calculating the input tax credit (ITC) available to the recipient.