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.

Index

GSTR-1 Format

This GST Return comprises of the following information and details:

  • GSTIN i.e. GST Identification Number of the taxpayer
  • Legal Name of the business
  • Aggregate Turnover of the business in the previous financial year
  • 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
GSTR 1 Filing for Regular Dealer
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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.

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.

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

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