GST Reports
If your business is GST-registered, you are required to file regular GST returns. Stock Register auto-generates GSTR-1 (outward supplies from your sales data) and GSTR-2 (inward supplies from your purchase data) reports. These reports are formatted for easy filing — download them in Excel format and share directly with your Chartered Accountant or upload to the GST portal. Accurate GST reports depend on correct GSTIN, HSN codes, and tax rates in your invoices, so ensure these are set up properly.
Steps
- From Reports, navigate to the GST Reports section. This dedicated section contains all GST-related reports formatted specifically for government compliance and filing requirements.
- Select the filing period using the date range filter (e.g., monthly or quarterly). Choosing the correct period is crucial because GST returns are filed for specific periods, and selecting the wrong dates will produce an incomplete or inaccurate report.
- Open the GSTR-1 Report to generate your outward supplies data from all sales invoices. This report summarizes all your sales transactions along with their GST details, which is required for filing your GSTR-1 return either quarterly or monthly depending on your turnover.
- Review the GSTR-1 data for any missing GSTIN numbers or incorrect HSN codes that are highlighted with warnings. Fixing these issues before downloading ensures your filing will be accurate and avoids notices from the tax department.
- Open the GSTR-2 Report to generate your inward supplies data from all purchase invoices. This report tracks your input tax credit, which directly reduces your GST liability, so accuracy here means you claim every rupee of credit you are entitled to.
- Cross-check the tax breakup columns (CGST, SGST, IGST) in both reports to ensure the rates match your actual invoice entries. Mismatched rates are one of the most common reasons for GST filing rejections and subsequent notices.
- Click Download to export the report in Excel format. The Excel file is structured to match the GST portal's upload format, making it easy for your Chartered Accountant to directly use the data for filing without manual reformatting.
- Share the downloaded report with your Chartered Accountant or upload it to the GST portal directly. Maintaining a copy of each downloaded report in your records ensures you have documentation for any future audits or compliance queries.
Tip: Export GST reports in Excel format and share directly with your CA for GST return filing. Before generating the report, run a quick check on your recent invoices to ensure all parties have their GSTIN entered and all items have valid HSN codes assigned. This five-minute check can save hours of corrections later.
Common Questions
Go to Reports and navigate to the GST Reports section. You can generate GSTR-1 (outward supplies / sales) and GSTR-2 (inward supplies / purchases) reports. Filter by date range (e.g., quarterly period), download in Excel format, and share with your CA for filing. The reports are formatted to match GST filing requirements. It is recommended to generate these reports a few days before the filing deadline so you have time to review and correct any discrepancies rather than rushing at the last minute.
Ensure all your invoices have the correct GSTIN for each party, proper HSN/SAC codes for items, and accurate tax rates (CGST, SGST, IGST). Incorrect or missing details will lead to inaccurate GST reports and potential filing issues. Specifically, check that inter-state transactions use IGST and intra-state transactions use CGST plus SGST. Also verify that the invoice dates fall within the filing period you have selected. Running the report once as a draft and reviewing it before sharing with your CA is a good practice.
GSTR-1 covers your outward supplies, meaning all sales you made to your customers during the filing period. It includes invoice details, customer GSTIN, HSN codes, and the tax collected. GSTR-2 covers your inward supplies, meaning all purchases you made from your suppliers during the same period. It tracks the input tax credit you can claim against your GST liability. Together, these two reports give you a complete picture of your GST obligations and credits. Filing both accurately ensures you pay only the net GST amount you owe after deducting input credits.
Yes, use the date range filter to select the specific quarter you need to file for, such as April to June or July to September. The report will include all sales and purchase invoices within that period. This is especially useful for businesses that file quarterly returns under the QRMP scheme.
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