GSTR-1 - Format, Due Date, Late Fee

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Sakshi Shah

GST
GST Portal
GST Return
GSTR-1

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)
[Rated 4.8 stars by customers like you]

Index

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.

Extended Due Dates for GSTR-1 FY 2019-20

Return Period                  Filing FrequencyDue Date
March 2020Monthly30/06/2020
April 2020Monthly30/06/2020
May 2020Monthly30/06/2020
Jan to March 2020Quarterly30/06/2020

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.

GSTR Description Period Late Fees
GSTR-1 Statement of outward supplies (Tax Payable > Nil) July onwards Rs. 50 per day
GSTR-1 Statement of outward supplies (Tax Payable = Nil) July onwards Rs. 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

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