GSTR-1 is the statement of outward supplies of goods or/and services supplied by a registered taxpayer during the return period. A taxpayer registered under the normal scheme must file GST Return on the GST Portal. The taxpayer should file GSTR-1 on a monthly or quarterly basis depending upon the turnover of his business.
Return period i.e. the month or quarter for which the return is filed
B2B Sales – Sales made to registered taxpayers holding a valid GSTIN
B2C Large
Interstate sales made to unregistered persons for an invoice value exceeding Rs.2.5 lacs
B2C Others
Intrastate sales made to unregistered persons irrespective of the invoice value
Interstate sales made to unregistered persons for an invoice value up to Rs.2.5 lacs
Amendments to Sales – The taxpayer should report details of any changes in the sales invoices in the return of earlier tax period under B2B Amendments, B2C Large Amendments and B2C Others Amendments
Credit Note / Debit Note – Notes issued for a revision in the value of invoice or revision in the amount of tax or sales return must be reported under this section
Amendments to Notes – details of amendments made to the credit notes or debit notes reported in the return of earlier tax period
Nil-Rated, Non-GST and Exempt supplies
Exports – Sales made to persons outside India including Deemed Exports and SEZ Supplies
Amendments to Exports – details of amendments made to the exports reported in the return of earlier tax period
HSN Summary – summary of sales of goods and services categorised on basis of HSN or SAC Codes
Document Summary – summary of invoices, notes, delivery challan etc issued and cancelled during the return period
All the traders registered under the regular scheme of GST registration should file GSTR-1. Further, the filing frequency is based on business turnover:
File Monthly – If the aggregate turnover in the preceding financial year or the expected aggregate turnover in the current financial year exceeds Rs.1.5 Cr.
File Quarterly – If the aggregate turnover in the preceding financial year or the expected aggregate turnover in the current financial year is up to Rs.1.5 Cr.
The following persons need to opt for a special registration and thus cannot file GSTR-1:
All the regular traders under GST must file GSTR-3B (summary return) and GSTR-1 (statement of outward supplies). While the taxpayer should file GSTR-3B every month, he should file GSTR-1 either monthly or quarterly.
Annual turnover more than INR 1.5 Crore
If the annual turnover is more than INR 1.5 Crore, then GSTR 1 should be filed on a monthly basis:
Month
Due Date
October 2020
11th November 2020
November 2020
11th December 2020
December 2020
11th January 2021
January 2021
11th February 2021
February 2021
11th March 2021
March 2021
11th April 2021
April 2021
11th May 2021
May 2021
11th June 2021
June 2021
11th July 2021
July 2021
11th August 2021
August 2021
11th September 2021
September 2021
11th October 2021
The due dates from April 2021 tax periods for GSTR-1 and GSTR-3B is yet to be notified by the CBIC, as on 31st March 2021
Tip
The due dates from April 2021 tax periods for GSTR-1 and GSTR-3B is yet to be notified by the CBIC, as on 31st March 2021
Annual turnover less than INR 1.5 Crore
If the annual turnover is less than INR 1.5 Crore, then GSTR 1 should be filed on a quarterly basis.
Quarter
Due date
Oct-Dec 2020
13th January 2021
Jan-Mar 2021
13th April 2021
Apr-Jun 2021
13th July 2021
Jul-Sept 2021
13th Oct 2021
The due dates from April 2021 tax periods for GSTR-1 and GSTR-3B is yet to be notified by the CBIC, as on 31st March 2021
Tip
The due dates from April 2021 tax periods for GSTR-1 and GSTR-3B is yet to be notified by the CBIC, as on 31st March 2021
Late Fee for GSTR-1
If the taxpayer does not file GSTR-1 on or before the due date, he is liable to pay a Late Fee for each day of delay.
If there are no transactions in the return period, the taxpayer should file a NIL Return to avoid late fee and penalty
Late fee is calculated from the date after the due date up to the date of filing of the return
Late fee is payable while filing GSTR-3B of the next return period
As per the Act, a late fee of Rs.200 (CGST Rs.100 and SGST Rs.100) per day of delay was imposed. It was later reduced to:
GSTR
Description
Period
Late Fees
GSTR-1
Statement of outward supplies (Tax Payable > Nil)
July onwards
INR 50 per day
GSTR-1
Statement of outward supplies (Tax Payable = Nil)
July onwards
INR 20 per day
FAQs
Can the taxpayer revise GSTR-1?
No. Once the GSTR-1 is filed, the taxpayer cannot revise it. If the taxpayer discovers an error or omission in the GST Return, he/she can rectify the error by filing amendment invoices in the GSTR-1 of the next period. Upon filing for the rectification, the taxpayer can also make payment for any short payment of tax or the payment of tax and interest in the next GSTR-3B.
How to download filed GSTR-1 on GST Portal?
To download filed GST Return on GST Portal, follow these steps: 1. Log in to the account on GST Portal 2. Click on Returns > View e-Filed Returns 3. Select the Financial Year, Return Filing Period and Return Type 4. You can view the Acknowledgment Number and Date of Filing of the GST Return 5. The Review page of GST Return would be displayed