This release introduces a feature which has been requested by a lot of users in the past. There is a table in GSTR-1 to report the series (start & end serial number) of documents issued during the tax period. If the sales data comes from many sources, naturally there will be many series and it becomes difficult to calculate it manually. Moreover, this document series has to be calculated & reported separately for each document type (i.e. invoices, credit notes, debit notes, delivery challans etc.). In order to automate this tedious and error prone activity, Octa GST now supports auto calculations of document series.
To use this feature:
- Open company
- Open GSTR-1 → Prepare GSTR-1
- Select the GSTIN and Return Period
- Open Doc section
- Click on Auto Calculate button
Before filing GSTR-1, please verify that the automatically calculated document series are correct. In some rare cases, automatically calculate series may indicate a large number of cancelled documents.
Availability
This feature is available to all users of Octa GST.