Learn how to use and analyze Rate wise Summary Report
Basics of Rate wise Summary Report
What is a Rate wise Summary Report
This report provides GST rate wise summary on the basis of GSTR-1 filed data along with document count and tax summary as per major tax heads i.e IGST, CGST and SGST on Return period level as well as Financial Year level
Rate-wise Summary is a summary of all the sales made in the respective filing period according to the GST rates as reported in GSTR-1 ‘Outward supplies’
Uses of Rate wise Summary Report
This report helps in analyzing GSTR 1 data on rate wise basis for compliance requirement of GSTR 9C - Reconciliation of turnover on rate basis
It also serves as a general validation before filing of GSTR-1
Guide to download the Rate wise Summary Report based on GSTR-1 Filed Report
Step 1: Select All Reports
For selecting the reports, log into ClearTax GST, select the 'Business' tab.
Then click on the 'Reports' tab and select 'All Reports'.
Step 2: Select Rate wise Summary Report
Select 'Rate wise Summary Report' by clicking on 'View'.
You can also access the Reports from the dashboard and then select 'Rate wise Summary Report'.
Step 3: Click on GSTIN
Select 'Business' and then click on 'GSTIN'
Step 3: Download Report
Select the 'appropriate period’ and then click on ‘Download Report’
Step 4: Download Data from GSTN
Click on ‘Check Status of GSTR-1 Filed Data Download from GSTN’ to pull data from GSTN incase not already present.
Incase data not already present, navigate to ‘GSTR-1 Filed Report’ to pull data from GSTN.
After successfully downloading data from GSTN , navigate back to ‘GSTR-1 Rates wise Summary Report’ to continue downloading your report .
You can use, analyze and share the report in Excel form