The taxpayers furnish returns and statements to the tax administrator at regular intervals. These returns are a mode for the transfer of information to the tax administrators. The details of outward supplies of both goods and services under GST are required to be furnished by every registered person. The details of such outward supplies are furnished in Form GSTR 1.
GSTR 1 : Meaning
Form GSTR 1 is the monthly/quarterly statement of outward supplies of goods or/and services supplied by a registered taxpayer. The taxpayer have to file the Form on a monthly or quarterly basis depending upon the turnover of his business on GST Portal.
GSTR 1 : Contents
The GST Return comprises of the following information and details:
- GSTIN i.e. GST Identification Number of the taxpayer
- Legal Name of the 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 Sales – 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
Who should file GSTR 1?
All the registered person including casual registered person under GST should file the return except the following:
- Persons registered under the Composition Scheme (GSTR 4)
- Non-Resident Taxpayers (GSTR-5)
- OIDAR Service Provider (GSTR-5A)
- TDS Deductor (GSTR-7)
- E-Commerce Operator, not being an agent (GSTR-8)
- Input Service Distributors (GSTR-6)
GSTR 1 : Revision
The taxpayer cannot revise GSTR 1. If the taxpayer discovers an error or omission in the GST Return, he can rectify the error by filing amendment invoices in the return 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.
GSTR 1 : Due Date
The due date of filing the return is based on turnover of the business :
- File Monthly – If the aggregate turnover in the preceding financial year or the expected aggregate turnover in the current financial year exceeds INR 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 INR 1.5 Cr.
|GSTR 1 Return Filing Frequency||Due Date|
|Monthly Filing||on or before 11th of the subsequent month|
|Quarterly Filing||on or before 13th of the month following the relevant quarter|
For example, last date for filing GSTR 1 under quarterly filing for the quarter Jan-Feb-March will be 13th April.
However, If the taxpayer have opted for QRMP Scheme, he have to file quarterly return. The due date to file the return is by 13th of the month following the relevant quarter in such case.
GSTR 1 : Late Fees
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.
Tax Payable is greater than Nil
Tax Payable is Nil
- 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.
How to download filed GSTR-1 on GST Portal?
To download filed GST Return on GST Portal, follow these steps:
- Log in to the account on GST Portal
- Click on Returns > View e-Filed Returns
- Select the Financial Year, Return Filing Period and Return Type
- You can view the Acknowledgment Number and Date of Filing of the GST Return
- The Review page of GST Return would be displayed
Yes, Form 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:
1. Online entry on the GST Portal.
2. Uploading of invoice and other Form GSTR-1 data using Returns Offline Tool.
3. Using third party application of Application Software Provider (ASPs) through GST Suvidha Providers (GSPs) such as Quicko.