GSTR-1 - Format, Due Date, Late Fee

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.

GSTR 1 Filing for Regular Dealer

Take help of an expert to file GSTR-3B for a return period (month or quarter)

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GSTR 1 Filing for Regular Dealer

Take help of an expert to file GSTR-3B for a return period (month or quarter)

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Index

• GSTR-1 Format
• Who should file GSTR-1?
• GSTR-1 Due Date
• Late Fee for GSTR-1

GSTR-1 Format

This GST Return comprises of the following information and details:

1. GSTIN i.e. GST Identification Number of the taxpayer
2. Legal Name of the business
3. Aggregate Turnover of the business in the previous financial year
4. Return period i.e. the month or quarter for which the return is filed
5. B2B Sales – Sales made to registered taxpayers holding a valid GSTIN
6. B2C Large
   • Interstate sales made to unregistered persons for an invoice value exceeding Rs.2.5 lacs
7. 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
8. 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
9. 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
10. Amendments to Notes –  details of amendments made to the credit notes or debit notes reported in the return of earlier tax period
11. Nil-Rated, Non-GST and Exempt supplies
12. Exports – Sales made to persons outside India including Deemed Exports and SEZ Supplies
13. Amendments to Exports – details of amendments made to the exports reported in the return of earlier tax period
14. HSN Summary – summary of sales of goods and services categorised on basis of HSN or SAC Codes
15. Document Summary – summary of invoices, notes, delivery challan etc issued and cancelled during the return period

Who should file GSTR-1?

All the traders registered under the regular scheme of GST registration should file GSTR-1. Further, the filing frequency is based on business turnover:

1. 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.
2. 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.

Should I file my GST Return monthly or quarterly?

Every taxpayer registered under GST should file GST return on GST Portal

Read More

Should I file my GST Return monthly or quarterly?

Every taxpayer registered under GST should file GST return on GST Portal

Read More

The following persons need to opt for a special registration and thus cannot file GSTR-1:

1. Persons registered under the Composition Scheme (GSTR-4)
2. Non-Resident Taxpayers (GSTR-5)
3. OIDAR Service Provider (GSTR-5A)
4. TDS Deductor (GSTR-7)
5. E-Commerce Operator (GSTR-8)
6. Input Service Distributors (GSTR-6)

GSTR-1 Due Date

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.

• Due Date to file the monthly return is 11th of the next month.
• Due Date to file the quarterly return is the last date of the next month from the end of the quarter.

Extended Due Dates for GSTR-1 FY 2019-20

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:

FAQs