What is Form GSTR-1?
Form GSTR-1 is a monthly/quarterly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.
Who has to file GSTR-1?
Every registered person is required to file GSTR-1 irrespective of whether there are any transactions during the period or not. For GSTR-1, nil returns can be filed through SMS.
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Who is exempted from filing?
Following are the GST registered persons who are exempted from filing:
1. Input Service Distributors
2. Composition Dealers
3. Suppliers of OIDAR services (Online Information and Database Access or Retrieval services)
4. Non-resident taxable persons
5. Taxpayer liable to deduct TDS
6. E-commerce operators collecting TCS
How to get your GSTR-1 filed by experts at TaxHelpdesk?
Once your order is placed, TaxHelpdesk’s dedicated team for reviewing of documents will check the documents uploaded by you within 24 working hours. After reviewing documents, a Tax Expert will be assigned and your order will be processed. Apart from this, you also will be able to check the status of the order in your assigned account.
QRMP Scheme
The taxpayers having aggregate annual turnover of up to Rs. 5 crores in the current financial year and the preceding financial year (if applicable) and have already filed their last due Form GSTR-3B return, are eligible for the QRMP scheme.
Contents of GSTR-1 filing
It has a total of 13 sections, which are as follows:
Due dates for filing
In case of taxpayers filing monthly returns, the due date for filing of GSTR-1 is 11th day of the succeeding month and in case of taxpayers who have opted for QRMP Scheme, the due date is the 13th date of month succeeding the end of every quarter or such other dates as may be extended by Government through notification.
Aggregate Annual Turnover | Month/Period | Due Date |
Less than Rs. 5 crores (QRMP) | April – June | 13th July |
July – September | 13th October | |
October – December | 13th January | |
January – March | 13th April | |
More than Rs. 5 crores (Monthly Return) | April | 11th May |
May | 11th June | |
June | 11th July | |
July | 11th August | |
August | 11th September | |
September | 11th October | |
October | 11th November | |
November | 11th December | |
December | 11th January | |
January | 11th February | |
February | 11th March | |
March | 11th April |
*The due dates are subject to change
**The due dates for monthly and quarterly return for July, 2021 is 11th August, 2021 and 13th August, 2021 respectively.
Late fees for non-filing of GSTR-1
Period | Up to May, 2021 | |
Details | Having Tax Liability | Nil Tax Liability |
CGST | Rs. 25/day | Rs. 10/day |
SGST/UTGST | Rs. 25/day | Rs. 10/day |
Total | Rs. 50/day | Rs. 20/day |
Maximum Penalty | Rs. 5,000/return | Rs. 5,000/return
|
Period | June, 2021 and onwards | ||||
Taxpayer having | Nil Tax Liability | AATO upto Rs. 5 crores | AATO above Rs. 1.5 crores and less than Rs. 5 crores | AATO above Rs. 5 crores | |
Late fees under CGST/day | Rs. 10 | Rs. 25 | Rs. 25 | Rs. 25 | |
Late fees under SGST/day | Rs. 10 | Rs. 25 | Rs. 25 | Rs. 25 | |
Maximum Late fees under CGST/per return | Rs. 250 | Rs. 1000 | Rs. 2500 | Rs. 5000 | |
Maximum Late Fees under SGST/per return | Rs. 250 | Rs. 1000 | Rs. 2500 | Rs. 5000 | |
Total maximum fees per return | Rs. 500 | Rs. 2000 | Rs. 5000 | Rs. 10000 | |
Procedure of Filing of GSTR-1
Documents required for GSTR-1 filing
– Invoice level details of supplies to registered persons including those having UIN (B2B Invoices);
– Invoice level details of Inter- State supplies of invoice value greater than Rs. 2,50,000 to unregistered persons (B2C Invoices);
– Details of Credit/Debit Notes issued by the supplier against invoices;
– Details of export of goods and services including deemed exports (SEZ);
– Summarised state level details of supplies to unregistered persons (consumers);
– Summary Details of Advances received in relation to future supply and their adjustment;
– Details of any amendments effected to the reported information for either of the above categories;
– Nil- rated, exempted, and non-GST supplies; and
– HSN/SAC wise summary of outward supplies.
FAQs
GSTR-1 needs to be filed even if there is no business activity (Nil Return) in the tax period.
Form GSTR-1 can be prepared using the following modes through: – Online entry on the GST Portal. – Uploading of invoice and other Form GSTR-1 data using Returns Offline Tool. – Using third party application of Application Software Provider (ASPs) through GST Suvidha Providers (GSPs).
DSC is mandatory in case of all Public & Private Limited Companies, Limited Liability Partnerships (LLPs), and Foreign Limited Liability Partnerships (FLLPs).
GSTR-1 is a return where details of sales are filed with the government. No tax has to be paid after filing this return. The tax has to be paid at the time of filing GSTR-3B.
Form GSTR-1 should not be filed by you. Form CMP-08 must be used to make tax payments on a quarterly basis by such taxpayers opting for the composition scheme.
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