The new communication functionality launched by the GSTN provides a communication platform for taxpayers. With this feature, a recipient/purchaser can ask his supplier/s to upload any particular invoice/s that has not been uploaded but is required by the recipient to avail the eligible Input Tax Credit (ITC). Furthermore, the supplier can also reply to the recipient through the same facility. Similarly, the supplier can send a notification to his recipient about the documents uploaded in the outward supply statement filed in Form GSTR-1.
Interestingly, this tool is integrated in such a way that when the functionality is used, an intimation will also be sent to the counterparts through an email and SMS by the GSTN.
The GSTN expects that this facility will help taxpayers reconcile their invoices and claim eligible ITC in time. It is also planning to add more features to this tool. Facility to import invoices from the communication facility to GSTR-1 looks like the next step.
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Masters India is a GST Suvidha Provider (GSP) appointed by the Goods and Services Tax Network (GSTN), a Government of India enterprise. We offer tax and financial automation products to enterprises. Know more about us here: https://www.mastersindia.co/