Sovos Wiki
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GST Compliance Solution
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- GSTR 9 Structural and Business Rules
- ITC 04 Structural and Business Rules
- GSTR 8 Structural and Business Rules
- GSTR 7 Structural and Business Rules
- GSTR 6 Structural and Business Rules
- GSTR 3B Structural and Business Rules
- GSTR 2 Structural and Business Rules
- GSTR 1 Structural and Business Rules
- Validation Rules of Sovos GST Compliance Solution
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- Group Level Reports
- PAN level report for 2A (B2BA and CDNA)
- (Group Level) List of common invoices in Supplier Only and Purchaser Only across the group, includes across taxpayer GSTIN, across financial year and across regular and amendment section
- List of Invoices in Supplier Only and Purchaser Only across the group
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- GSTIN Level Reports
- List of invoices which have been uploaded by taxpayer in the filing period which is earlier than supplier filing period
- (GSTIN Level ) List of common invoices in Supplier Only and Purchaser Only across the group, includes across taxpayer GSTIN, across financial year and across regular and amendment section
- GSTIN Level List of invoices present in one financial year which belong to previous financial year as per invoice date
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- Value added Facility – Filter Facility
- Value added Facility – Send single and bulk Mail to Vendors
- Net Vendor Summary
- Post Action Summary
- Original Supplier Only Amended
- Manual PO SO Movement
- Purchaser Only
- Supplier Only
- Invoice Reconciliation Results
- Reconciliation Summary and Category wise Vendor Summary
- Snapshot of Recon Results
- Probable invoice number match concept
- Introduction to Recon Results
- 2P Summary
- Deemed Match
- Mismatched Invoices
- Matched invoices
- Show Remaining Articles (2) Collapse Articles
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E-invoicing Solution
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E-way Bill Solution
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Taxpayer APIs
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Garnet
Preparing GSTR 1 using E-invoices generated from Sovos platform
Sovos India GST Suite Solution is an end-to-end solution for E-invoicing, E-way bill and GST compliances.
If you are using Sovos E-invoicing Solution for managing your e-invoices, your GSTR 1 preparation becomes easier. You can push all your e-invoice data and populate the GSTR 1 input format. While not recommended, if any edits are needed to the invoice data, you can download the details, update and reupload the invoices.
Available for a GSTIN and multiple GSTINs
GSTIN level –
Bulk Opertaions – PAN level
Basis of populating e-invoices for GSTR 1
While the same invoice details used for e-invoice generation need to be reported in GSTR 1, the granularity level is different. Further, not all transactions are covered for e-invoice but are to be reported in GSTR 1.
In Sovos E-invoicing Solution, we have given the option to upload all the data even though e-invoicing may not be applicable for the same. This enables businesses to extract all data from their systems in one-go. In Sovos platform we do the segregation.
Key points to note –
Document Date | Document Month | Uploaded in Sovos E-invoicing Solution | Uploaded Month | Considered Month for GSTR 1 |
12-10-2021 | Oct 2021 | 15-10-2021 | Oct 2021 | Oct 2021 |
12-10-2021 | Oct 2021 | 01-11-2021 | Nov 2021 | Oct 2021 |
As the window for IRN cancellation is 24 hours, the Get data feature has a latency of one day. It means data uploaded up to yesterday will be reflected in GSTR 1 input format.
Important to note
Once you have your GSTR 1 data ready, it is recommended to do reconciliation with GST system data as the e-invoices are populated in GST system as well.