The Goods and Service Tax Network (GSTN) enabled the “Reset” option in GSTR 1/IFF on the GST portal.
The GSTN clarified that taxpayers may use the ‘Reset’ button to delete all the saved data for all the return periods, irrespective of the filing preference or profiles (monthly or quarterly taxpayers).
The taxpayer who is not a quarterly profile taxpayer, he will still be able to view and click the ‘Reset’ button to delete details.
The taxpayers cannot delete the submitted IFF details. The ‘Reset’ button is used to delete only the saved details and not submitted or filed.
It is noteworthy, the reset button can be used to delete only the saved details at one go and not submitted or filed.